Ripple Returns to its Range

The breakout we saw to levels in the low $1 handle was swiftly sold back down and XRP is right back to the range it has been holding, and currently sits at $0.90. We have seen a two bar reversal pattern which suggests that Ripple may not try for another breakout for some time. It is likely to remain range-bound in this area. Ripple has support at the following levels: $0.90, $0.87, $0.86, $0.85 and $0.79. Levels from above include $0.92, $0.91, $0.93, $0.95 $1, $1.03, $1.06, $1.12, and $1.22.

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