Ripple is trying to consolidate above $0.40 according to our previous analysis; however, bulls are facing strong resistance from bears.
Yesterday Ripple recovered in the orange corridor range. In the area of average prices, the pair turned to decline, but so far the lower limit of $0.392 keeps it from breaking through to the $0.370 support level.
The pressure of buyers is still missing, and trading volumes are shallow. XRP may continue to fluctuate in the orange range in the short-term scenario, but the decline is supposed to resume soon, and bears will break through the support of $0.370.
Yesterday Ripple recovered in the orange corridor range. In the area of average prices, the pair turned to decline, but so far the lower limit of $0.392 keeps it from breaking through to the $0.370 support level.
The pressure of buyers is still missing, and trading volumes are shallow. XRP may continue to fluctuate in the orange range in the short-term scenario, but the decline is supposed to resume soon, and bears will break through the support of $0.370.
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