Ripple Slumps to $0.82, Resumes Consolidation above It

[Rockalo]

Ripple's (XRP) price has fallen to the support above $0.82. In the first instance, buyers intended to push XRP to the previous highs but were stopped at a lower high of $0.93 on June 14.

Immediately, XRP declined to a $0.82 low. A similar rejection occurred on June 9 at the same price level while the altcoin was making an upward correction.

If XRP has broken above $0.93 resistance in the two previous corrections, the market will rise to retest the resistance at $1.10. Nonetheless, if the bulls overcome the $1.10 resistance, Ripple will resume upside momentum. In the meantime, sellers have the upper hand as the crypto dropped to the previous low at $0.82. XRP/USD is likely to be range-bound between $0.82 and $1.10 if these levels remain unbroken. More information: please click here