Ripple Price Analysis: XRP’s Bearish Continuation Below $0.3200

Ripple price topped near the $0.3820 level and later declined sharply below $0.3500 against the US dollar.There is a short term connecting bearish trend line formed with resistance at $0.3300 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is currently consolidating losses, but it may soon resume its decline below $0.3200 and $0.3100.Ripple price made a sharp U-turn against the US Dollar and Bitcoin. XRP/USD is placed in a bearish zone and it may accelerate losses below the $0.3200 support.Ripple Price AnalysisRecently, we saw an upside break above $0.3600 and $0.3700 in ripple price against the US Dollar. The XRP/USD pair even broke the $0.3800 resistance and traded as high as $0.3819. Later, there was a solid increase in selling interest, resulting in a significant decline below $0.3500. The price traded below the $0.3460 support and the $0.3300 pivot level. Moreover, there was a close…

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