XRP/USD Goes Downwards Sharply

The currency pair has lost almost three percent in the past 24 hours. Ripple remains flat together with other allies from the Top-20. XRP/USD seems to start growing in the nearest future, but bulls and bears are still unable to break the balance.
When we look closer at the Hourly chart we can see that the price has tested the resistance area at $0.5444 but failed to make a breakout there and retreated later. Ripple stays below this level in the moment of writing. The possible ways for XRP/USD are the following:
1. Red scenario (bearish). The currency pair will reach the support area at $0.5088 to test it. IF successful, bears will be able to push XRP/USD lower.
2. Orange scenario (neutral). Ripple will stay within the current horizontal range, limited by the support area at $0.5088 and the resistance area at $0.5444.
3. Green scenario (bullish). XRP/USD will try to break through the resistance area at $0.5444 and once breached, this level will give support to Ripple. The currency pair will move higher in this case targeting the next resistance at $0.5643.

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