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Ripple (XRPUSD) rebound stalls at 0.2550

18 Sep, 2020

Since the last update here on Ripple (XRPUSD) yesterday, the price has been gradually grinding its way back up to retest the 0.2550 level. In fact, it has just touched that level a little earlier today. However, the move higher is not especially dynamic right now and the topside has been hard fought. It is also possible that offers have been reinstated around that 0.2550 level once again, but that is not exactly clear. The overall picture remains positive on a longer term basis, but in the meantime this coin can do whatever it likes in between 0.23 and 0.275 without necessarily shifting the dial. Furthermore, the current mode is still corrective from the previous drop back above 0.30 and that would be confirmed as being concluded should 0.2290 ever give way. XRPUSD is just now trading at 0.2540 with immediate risk rising if a another drop below 0.25 unfolds from here

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