Repeated failure of the bulls to scale above the $0.56270 levels has invited a fresh bout of selling by the bears. Ripple is now likely to fall to the final support at $0.45351.
A break of the $0.45351 levels on a closing basis (UTC) will be a negative development because the next support is way lower at $0.24. Such a move will complete a 100 percent retracement of the rally that had started in mid-December of last year.
If the bulls successfully defend the critical support level, the XRP/USD pair might again attempt to rebound above $0.56270.
We shall wait for a new buy setup to form before suggesting any trade on it.