Ripple

The concerted efforts made by the bulls to push above the $0.20500 resistance have failed after a second attempt. The bears are strongly defending the $0.20500 resistance.

Yesterday, buyers turned down from the $0.20500 resistance after an attempt to push the price above it. Certainly, the bulls lack buying power at higher levels.

About 48 hours ago, buyers took the initiative to reach the $0.20500 resistance but were resisted. Before now, Ripple has been sunk to $0.17500 low after a breakdown on May 10.

For the past week, Ripple has been trading above $0.21. There was a major selloff last Saturday as the bears broke the next support at $0.020500 and slumped to $0.17501 low. The bulls managed to push price to $0.20 resistance.

Ripple has remained above the $0.21000 support for the last four days. The market has been fluctuating below $0.22 resistance.

Since Ripple traded and reached the overbought region of $0.23500 and its subsequent fall, XRP has settled above $0.21 price level. Buyers have failed to push prices above the overbought region.

Despite its sharp drop to $0.21, the bulls are aggressively defending the current support. Recently, Ripple’s bulls made another attempt at $0.23500 resistance, but the upward move was repelled at $0.22500.

Today, Ripple is trading above $0.21 after an impressive rally to the $0.23500 resistance. Buyers could not sustain the upward move and besides the market reached the overbought region.

On April 29, Ripple’s Chief Technology Officer David Schwartz brought to public awareness that YouTube decided to suspend his active channel. All other crypto channels are facing uncertain times as YouTube is determinedly following the plan to remove all content violating community rules.