This past week, Ripple price attempted an upside break above the $0.500 zone against the US Dollar. The XRP/USD pair failed to gain bullish momentum and formed a high near $0.4868. The price started a fresh bearish wave and declined below the $0.4750 support. It even traded below the $0.470 level and spiked below the 55 simple moving average (4 hours). It is now testing the 50% Fib retracement level of the upward move from the $0.4322 swing low to the $0.4868 high.