Ripple is holding on to the critical support of $0.56270 with the skin of its teeth. The current prices are far away from our recommended buy levels of $0.71. Our stop loss is at $0.52 and the cryptocurrency dipped to a low of $0.55703 on March 27.
If the bears sustain below $0.56720 for three days, a quick slide to $0.22 is possible because there is no major support in between.
The XRP/USD pair will confirm a range bound trading action if it rallies above the $0.72 levels.