The price of Ripple (XRP) is putting in an impressive run, but is running into rejection twice at the $0.60 level. On July 20, the bears had pushed the cryptocurrency to the previous low at $0.51, but the bulls bought the dips.
The price of Ripple (XRP) is falling as it approaches its previous low at $0.51. Today, XRP is trading at $0.53 at the time of writing. The market will reach the oversold region if the selling pressure continues.
Ripple's (XRP) downside move appears to have subsided as price consolidates above $0.59 support. Bears have retested $0.59 support on three occasions, while bulls have bought the dips. Crypto upside has been restricted below $0.62 resistance.
Ripple (XRP) has reached bearish exhaustion as price retook the previous low above $0.58 but pulled back above $0.60. Selling pressure appears to have abated as price consolidates above current support.