Ripple

In the last 48 hours, Ripple fell to a $0.17 low but price corrected upward to retest the $0.18 high. The market is still on a downward move after a second retest at the $0.18 high.

Ripple has consistently made a downward move since April 30. The selling pressure from the high of $0.23500 has dropped to $0.183 low.

Ripple is facing stiff resistance at the $0.215 resistance level. The crypto has earlier rebounded but could not breach the $0.215 resistance.

Following one week of range-bound movement below the 0.20 resistance, Ripple finally rebounded twice and broke the $0.20 and $0.205 resistances.

Surprisingly, Ripple has been stagnant, soon after the breakdown at the $0.20 resistance. For over a week, price has been fluctuating below the $0.20 resistance without any discernible direction of price movement.

In the last 48 hours, Ripple has failed to breach the downtrend line. The crypto has been unsuccessful to push above the previous highs.

Since April 29, the bears have overwhelmingly subdued the bulls as buyers failed to break above the downtrend line. The downtrend line shows the resistance levels of the price of Ripple.

Since May 14, Ripple’s bulls have failed to sustain the price above the $0.205 resistance. In the several attempts made at the resistance, buyers have found penetration difficult and have resorted to sideways movement below it.

Ripple is range-bound below the $0.205 resistance after several attempts to break above it. Buyers made four attempts at the resistance without a breakout.