Ripple couldn’t break out of the overhead resistance at $0.56270 on June 19. Lack of buying support even at these low levels is a bearish sign.
If the bulls don’t scale above the overhead resistance within a couple of days, the bears will attempt to break down of the $0.45351 levels. If successful, the XRP/USD pair can sink to $0.24, which is the next major support.
Such a fall will dent sentiment, and it will take a long time for the digital currency to recover higher. We shall wait for a buy setup to form before suggesting any trade on it.