Ripple Consolidates Above $0.23 Support, Uptrend Likely

[MRM]

Buyers have sustained hold above $0.23 support for about a week. Nonetheless, the crypto has been trading marginally for the past week.

There has been no significant price movement as price fails to rebound. On September 4, buyers pushed the coin to the previous high but were repelled at the $0.26 high. Today, Ripple has risen to $0.24 at the time of writing. The uptrend will resume if buyers pushed the XRP above the $0.28 high and the price is sustained.

The crypto will be trading in the bullish trend zone. However, if buyers fail to push price above the $0.28 high, XRP will fall. Sellers will attempt to break below the $0.23 support level. The resultant effect is that a downward move to $0.185 low is possible. Alternatively, XRP will be compelled to a sideways move for a few more days.
Source: https://coinidol.com/ripple-uptrend-likely/