Ripple Price (XRP) Recovery Won’t Be Easy While Bitcoin Takes Hit

-Ripple price traded close to the $0.3320 resistance level before declining sharply against the US dollar.
-The price is currently correcting higher after it traded as low as $0.3065.
-There is a key resistance forming near $0.3180 and a bearish trend line on the hourly chart of the XRP/USD pair (data source from Kraken).
-The price might correct higher, but it is likely to struggle near the $0.3180 and $0.3200 resistances.

Ripple price is facing a lot of hurdles against the US Dollar, while bitcoin is holding an important support. XRP price is likely to face a strong selling interest near the $0.3200 resistance area.

Source: Bitcoin2Day