After the momentary respite on June 27, Ripple broke down of the critical support at $0.45351 on June 28. This shows a lack of buying interest even at these low levels.
The next logical support on the XRP/USD pair is way lower at $0.24. Our bearish view will be invalidated if the bulls quickly turn around and move back above $0.56270.
As of now, the bears are in command. We shall wait for buyers to return and a new setup to form before proposing any trades.