Ripple made an impressive run as XRP reached a peak price of $1.95 about 48 hours ago. On the same date, sellers pushed the XRP price to the low of $1.57.
Ripple (XRP) Price Long-Term Forecast: Bullish
As bulls buy the dips, the upward correction was terminated at the $1.85 high. XRP fell as bulls made another attempt at the recent high. On April 15, the altcoin faced another rejection which made Ripple continue the downward move. Today, the market is on a daily decline as it approaches the previous low at $1.57.
XRP will drop to $0.93 low if the bears break the current support level. Nevertheless, if the support holds, the altcoin will resume a range-bound move between $1.57 and $1.85. XRP/USD is trading at $1.62 at the time of writing. However, further selling pressure is likely if the current support is breached.
Source:
Ripple Faces Strong Rejection at $2.0 Resistance Zone as Ripple Slumps