My previous post on XRPUSD (Ripple) can be found here.
It was mentioned in the previous post that support region for Ripple (XRPUSD) was between ~$0.46 and $0.39, with this region coinciding with the major bullish trendline for XRPUSD (Ripple).
XRPUSD has currently broken below the trendline, which by itself implies further bearish action in Ripple. Price closing below the lower region of support ($0.39) will provide a stronger evidence for more bearish action in Ripple (XRPUSD).
Ripple (XRPUSD) consolidating within the support region would be a great indication for possible upside potential if the consolidation is confirmed by another independent technical signal e.g. indicators.
Current market action however favors Ripple (XRPUSD) bears.
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