Ripple Price Analysis: XRP At Risk of Additional Losses Below $0.3000

Ripple price extended losses and broke the $0.3300 and $0.3200 support levels against the US dollar.There is a key connecting bearish trend line with resistance at $0.3275 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair may correct a few points, but it remains at a risk of more losses below $0.3100 and $0.3000.Ripple price declined heavily and broke major supports against the US Dollar and Bitcoin. XRP/USD may even break the $0.3000 support this week if it stays below the $0.3400 level.Ripple Price AnalysisAfter trading in a range for some time below $0.3350, ripple price started a fresh decline against the US Dollar. The XRP/USD pair broke the $0.3220 range support to move further into a bearish zone. The price even traded below the $0.3150 level and settled well below the 100 hourly simple moving average. A new monthly low was formed at $0.3116 and…

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