Ripple Makes a Sharp Fall, Unable to Sustain above $1.10 Resistance

[Rockalo]

Ripple (XRP) is falling as buyers find it increasingly difficult to sustain above the $1.10 resistance since June 1. The bulls were repelled twice before the eventual downward move. XRP is likely to fall to the previous low at $0.80.

The crypto suffered the same bearish consequences when it retested the resistance zone on May 26. The crypto fell to the low at $0.80 and resumed a fresh uptrend. Presently, the XRP/USD is falling and approaching the low of $0.94. If the crypto falls and finds support above $0.80, then it is assumed that XRP is likely to be a range-bound between $0.80 and $1.10 for a few more days. Conversely, if the bears break the $0.80 support, the market will further decline to a $0.60 low. Source