Ripple price resumed its negative trading to achieve our second waited target at 0.25, falling under more negative pressure that hints that the price is on its way to achieve more decline in the upcoming period, as it approaches the bearish channel’s support line that appears on the chart, and it might show some temporary rise according to the trading rules inside the channels before continuing the main bearish track.
In general, the bearish trend will remain valid on the intraday and short term basis unless breaching 0.42 level and holding above it, noting that our next target reaches 0.20.
Expected trading range for today is between 0.20 support and 0.30 resistance
Expected trend for today: Bearish