Yesterday, November 11, the price of Ripple (XRP) was in a bearish trend. Recently, the coin declined sharply below the $0.310 resistance level. Moreover, Ripple price declined heavily and broke many supports near the $0.295 and $0.285 levels.
On the upside, if more buyers emerge, the coin will face resistance at the $0.290 and $0.30 price levels. On the downside, the coin will find support at the $0.265 and $0.260 price levels.
On the 1-hour chart, XRPUSD price is in a bearish trend below the $0.2800 and $0.2840 resistance level. A convincing close above $0.2840 is needed for the price to move into a bullish zone. If not, there is a risk of more losses below $0.2700.