Ripple (XRP) Price Breaks Key Support, Turns Sell on Rallies

Ripple price declined heavily after it broke the key $0.3500 support area against the US dollar.
The price broke many supports on the way down such as $0.3440, $0.3350 and even $0.3250.
There is a short term bearish trend line formed with resistance near $0.3260 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is clearly trading in a bearish zone and recovery could face sellers near $0.3260 or $0.3320.Ripple price declined heavily below key supports against the US Dol