Ripple price is confronting a lot of obstacles on the upside against the US Dollar and Bitcoin. XRP/USD is probably going to fall further underneath $0.2800 except if buyers drive it above $0.2950.
Recently, Ripple price corrected from around $0.2776 against the US Dollar. The XRP/USD pair moved upwards in the $0.2800 and $0.2850 levels. Afterward, Ripple price failed to pick up strength over the $0.2950 resistance and stayed underneath the 100 hourly SMA. Again there was a sharp decline and ripple price moved beneath $0.2900.
Sellers pushed the price from the $0.2776 low to $0.2946 high. The present situation is bearish with a lot of obstacles on the upside close $0.2900 and $0.2950. Two bearish trendlines set up with resistance close $0.2900 on the hourly chart. An immediate break over these trendlines is needed for recovery above $0.3000. If not, there is a danger of the price falling underneath the $0.2820 support level.
Taking a look at the chart, Ripple price is probably going to break the $0.2800 and $0.2776 support levels. To begin a bounce back, the price must break the $0.2900 and $0.2950 resistance levels.