Ripple (XRP) Price Set For Downside Thrust Before Higher

Ripple price is facing an increase in selling pressure below the $0.2980 resistance against the US dollar.
The price is likely to decline below the $0.2880 support before it could start a fresh increase.
There is a key bearish trend line forming with resistance near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ethereum is also declining, but it might find a strong support near the $175 level.Ripple price is slowly declining below key supports against the US Dollar