Yesterday, Ripple plunged to $0.359 support. The current support is holding as bulls resume a fresh uptrend. Today, XRP is trading at $0.40 at the time of writing.
Today, the bulls buy the dips as sellers attempt to sink XRP below $0.245. XRP has managed to rise above $0.26 support as it faces resistance at the 21-day SMA.
On January 26, 2021, Ripple (XRP) slumped to $0.26 low after several rejections from the $0.28 high. From every indication, the selling pressure may persist.
Ripple has resumed a downward move after failing to break the resistance at $0.30. The coin has already fallen to a low of $0.278 at the time of writing.