Our anticipation of a range bound trading action on Ripple is proving to be wrong. Prices are falling sharply towards the lower end of the range at $0.56270. Our suggested long position at $0.71, on March 19 is deeply in the red. Our stop loss is at $0.52, just below the March 18 lows.
If the XRP/USD pair breaks below $0.5375, a fall to $0.22 is possible, because there is no support in between.
The cryptocurrency will become positive only above $0.72.