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XRP price slashes post wavering

BITFINEX:XRPUSD   XRP / U.S. Dollar
In the early hours, the price was travelling beyond $1.04, approaching $2. But the momentum has ceased and the downtrend is on board. The price dipped first to $1 and further to $0.96. The trend change from the nearest high support level is around 30% indicating that Ripple price is falling into a bearish trap currently. With strengthening buy signal, the RSI strikes at 35 and is expected to flip into an overbought state.

Support level is at $1.030
Resistance level is at $ 1.043

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