The recent rally to $0.26 high has been invalidated has buyers failed to sustain the current uptrend. Sellers were overwhelming as the price was pushed to the $0.24 low.
Recently, XRP rebounded above the $0.23 support as price rallied and retested the $0.26 high. The recent surge broke the $0.24 resistance but managed to break the $0.25 high.
Ripple has been on a sideways move above $0.24 support after recovering from the earlier downtrend. The sideways move becomes necessary because buyers fail to break into the previous highs.
Ripple rebounded twice as the coin recovers from the earlier breakdown. Before now there was anxiety as price fell towards the $0.21 low after the recent breakdown at $0.23 support.
Ripple (XRP) price analysis on September 24, 2020, on Coinidol.com. Sellers have finally broken the $0.23 support level. This was the price level after the bearish impulse of September 5.