Ripple did not reach our suggested buy level of $0.85, hence, the trade was not initiated. Today, the price is likely to retest the next lower support of $0.695.
If the bulls fail to hold on to this, it can fall to the next support of $0.5627. We expect the bulls to strongly defend these two supports because if they break, the XRP/USD pair can sink to $0.23 levels.
However, if the supports hold, we might see a few days of range bound action. The next few days are critical for Ripple.