Ripple prices are nearing the resistance of the downward channel that has been formed since July 13. No doubt it will result in a further drop of XRP. Short trades from 0.5715-0.5950 could be executed. The target of these trades could be set at 0.4125, which is close to the lows of the last week. The stop-loss could be set above 0.6370, which is the high of the last week.