Ripple

Talks about Ripple being a scam pop up every now and then. The altcoin’s runner, Brad Garlinghouse even had to handle several lawsuits concerning registration problems. Nevertheless, XRP remains the third-largest by market cap.

For the past 48 hours, sellers have been in control of price as the $0.28 support was breached. The $0.28 support has been holding since August 1 but the recent price action has compelled XRP to continue the downward move.

Today, Ripple is still hovering above $0.28 support after its recent fall to the current support on August 21. Ripple is yet to rebound to reach the previous highs as it was in the previous price action.

For the past three days, Ripple has remained stable after the coin fell to the $0.28 low. Buyers have held on the current support and pushed XRP to $0.295 high.

The recent upward move of Ripple to $0.327 high has attracted some bearish consequences. In other words, buyers could not sustain the uptrend.

Buyers have finally broken the $0.30 resistance as price rallied to $0.327 high. The resistance has remained unbroken since August 4 after several retests.

After several downward moves, Ripple rebounded above $0.28 support. The rebound tested the $0.30 high but faced rejection.

Ripple has been on a steady decline soon after it fell from the $0.325 high. Today, XRP is trading above $0.28 support.

Yesterday, Ripple rebounded above $0.29 support as the price reached the $0.30 high. Since August 7, the price has been stable above $0.29 after the recent decline.