Ripple

Today, XRP took a giant stride as price almost hit the $0.26 resistance level. This will be the second time, buyers will be making such an attempt at the resistance.

Buyers have successfully held the price level above $0.23 for the past four days. There has been no significant price movement for the past few days.

Ripple has remained range-bound above $0.23 support. The crypto is fluctuating in a tight range between $0.23 and $0.25. Buyers have earlier attempted to push prices upward but were repelled at the $0.25 high.

Buyers have sustained hold above $0.23 support for about a week. Nonetheless, the crypto has been trading marginally for the past week.

In the last bearish impulse, on September 5, Ripple dropped to $0.23 support and resumed consolidation above it. For the past three days, the price has been fluctuating above the $0.23 support.

Yesterday, buyers could not hold the $0.26 support as bears broke the support level. The implication is that further downward move is likely.

Since on August 28, Ripple has been holding above the $0.26 support level. Yesterday, buyers attempted to push XRP above the $0.30 high but were repelled.

Ripple upward move depended upon breaking above the EMAs or the crucial $0.28 support level. XRP rebounded and reached above those levels but faces rejection at the $0.285 high.

Following the breakdown of the crucial support at $0.28, sellers have pushed the XRP to the low of $0.255. Besides the crucial support, the other support levels are easily broken.