Ripple Price Analysis: Sell XRP/USD On Rallies Near $0.3350
Key HighlightsRipple price started a downside move from the $0.3550 swing high against the US dollar.There was a break below a crucial bullish trend line with support at $0.3375 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair tested the $0.3120 support and it is currently at a risk of more losses below $0.3100.Ripple price declined below key supports against the US Dollar and Bitcoin. XRP/USD could correct higher, but it will most likely face sellers near $0.3350.Ripple Price ResistanceAfter trading a few points above the $0.3500, Ripple price faced sellers against the US Dollar. The XRP/USD pair formed a short-term top near the $0.3533 and later it started a downside move. The price declined and broke the $0.3400 and $0.3300 support levels. There was also a close below the $0.3350 level and the 100 hourly simple moving average.During the decline, there was a break below
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