Ripple has gained more than 2% in the past 24 hours, and is currently trading at $ 0.2181 which is technically a consolidation area.
Bullish Move
The bullish move is expected to test the resistance levels of 0.2345, sustaining above which could lead it to test 0.2500 mark. As shown in the chart below, there is a strong resistance level at 0.2500 which is it's 38.2% Fibonacci retracement level.
If price breaks above this level and closes for the day, the bulls might take the pair to 0.2820 level - which is its previous high mark tested in the month of August.
Bearish Move
If price breaks down the level 0.1950 and sustains below it, the bullish trend would stop and the price may trace down further for another correction.
