Ripple Price Analysis: Will The $0.55 Support Level Hold After XRP Was Rejected at $0.6?

Crypto Blog

Ripple has been trading within a tight range of $0.55 to $0.63, with the price recently facing a significant rejection near the critical $0.64 resistance level, retracing toward the range’s lower boundary.

A detailed examination of the daily chart reveals that Ripple has been confined within a crucial range, bounded by the $0.64 resistance and the $0.55 support level. Recently, it encountered increased selling pressure near the range’s upper boundary at the critical $0.64 resistance, resulting in a significant rejection.

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