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The price of Ripple continued to fall and moved below the support of $ 1.80 compared to the US dollar.

Yesterday's crucial downtrend line highlighted with current resistance at $ 1.85 is still in effect on the hourly chart of the XRP / USD pair (data source from Kraken).


The price continues to fall and may soon break the low of 1.60 and record further losses.

The price of ripple has faced a lot of sales pressure towards the US dollar and Bitcoin. XRP / USD could accelerate declines and could soon test or break the $ 1.50 level.

It appears that the current downward pressure is here to stay on a Ripple price of less than $ 2.00 compared to the US dollar.

The price was under pressure and has moved below support levels of $ 1.80 and $ 1.70. The downtrend is strong and the price is now below the $ 1.65 level. Recently, there was a recovery from the low of $ 1.6062 with a break of the Fibonacci retracement level of 23.6% from the last drop, from a maximum of $ 2.38 to a minimum of $ 1.60.

However, the upward move was limited by the resistance at $ 2.00. In addition, the 50% Fibra retracement level of the last decline from $ 2.38 high to $ 1.60 low also acted as resistance. More importantly, yesterday's crucial bearish trend line with current resistance at $ 1.85 is still in effect on the hourly chart of the XRP / USD pair. It could continue to pose a major obstacle for buyers above $ 2.00. As long as the price is less than the $ 2.00 handle, it remains at risk of further losses of less than $ 1.60.