XRP USDT daily chart

XRP USDT daily chart

Gate Trade Ripple Saturday, May 2, 2020 303 0

If the price sustains above $0.20570, the bulls are likely to make another attempt to push XRP, which is the ranked third on CoinMarketCap, above $0.24560. If successful, a rally to the downtrend line at $0.28 is possible.

However, if the price turns down from $0.24560 once again, a few days of range-bound action is possible.

Therefore, traders can book partial profits on the long positions close to $0.24560 if the bulls struggle to break out of this resistance. The stops on the remaining positions can be kept at $0.19.