Ripple Price Analysis: XRP Facing Uphill Task Near $0.3000

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Ripple price started a downside correction after tagging the $0.3150 resistance against the US dollar. The price is currently consolidating above the $0.2850 support area, with a few positive signs. There is a major bearish trend line forming with resistance near $0.2980 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The price must surpass the $0.3000 barrier for a fresh increase in the coming sessions. Ripple price is facing a major hurdle near $0.3000 against the US Dollar. XRP price might rise again as long as there is no break below the $0.2800 support. Ripple Price Analysis This past week, there was a sharp rise above the $0.2800 and $0.3000 resistance levels. Moreover, there was a close above the $0.3000 level and the 55 simple moving average (4-hours). The increase was such that the price traded above the $0.3120 resistance. A high was formed near $0.3154…

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