- Ripple price is trading in a bearish zone below the $0.2840 resistance against the US dollar.
- The price is struggling to hold the key support area near the $0.2700 level.
- Yesterday’s major bearish trend line is active with resistance near $0.2800 on the hourly chart of the XRP/USD pair (data source from Kraken).
- Ethereum is trading above $180 range support and bitcoin is down more than 3.5%.
Ripple price is facing an uphill task against the US Dollar and bitcoin. XRP price is likely to continue lower as long as it is trading below $0.2820 and $0.2840.
Ripple Price Analysis
In the past few hours, there was an increase in selling on ripple below the $0.2840 resistance area against the US Dollar. XRP/USD mostly followed a bearish path below $0.2800 and the 100 hourly simple moving average.