Ripple (XRP) Price Rebounding After Sharp Drop To $0.2500 Support

Ripple price declined heavily after it broke the key $0.2850 support area against the US dollar.
The price tested the main $0.2500 support area and it is currently rebounding above $0.2650.
There is a major bearish trend line forming with resistance near $0.2800 on the hourly chart of the XRP/USD pair (data source from Kraken).
There is showing signs of a strong recovery and it might rebound towards the $0.2850 resistance.Ripple price is correcting losses against the US Dollar and bitcoin. Rece