Ripple price tumbled and broke key supports against the US Dollar and Bitcoin. XRP/USD could quicken misfortunes towards the $0.2920 support in the coming sessions.
Ripple price confronted a massive selling pressure pushing it beneath $0.3100. The pair broke the $0.3070 support and the 100 SMA. Sellers pushed the price underneath the $0.3050 and $0.3020 support levels. A new low was framed close $0.3000 and the price stays in danger of more losses.
Right now, the price is in a bearish momentum underneath $0.3020. There is a noteworthy bearish pattern line set up with resistance at $0.3030 on the hourly chart. Taking a gander at the chart, ripple price is under selling pressure underneath $0.3040. The major support is close to the $0.2920 level, where buyers are probably going to show up.