Since May 14, Ripple’s bulls have failed to sustain the price above the $0.205 resistance. In the several attempts made at the resistance, buyers have found penetration difficult and have resorted to sideways movement below it.
For the past week, Ripple has been trading above $0.21. There was a major selloff last Saturday as the bears broke the next support at $0.020500 and slumped to $0.17501 low. The bulls managed to push price to $0.20 resistance.