The previous support at $0.56270 is acting as a resistance.
If Ripple doesn’t break above this level quickly,
it will continue to fall towards the final support at $0.45351.
We anticipate a strong buying close to this level because if this breaks, the next support lies way lower at $0.24.
The XRP/USD pair will turn bullish only on a breakout of the downtrend line
of the descending triangle. However, it will start to show
signs of recovery once it sustains above the recent swing high of $0.70292.
CHEERS
