Ripple triggered our suggested buy level on Nov. 28, but it could not rise above $0.4. Currently, the price has turned down and might retest the intraday lows of Nov. 25.
The down trending 20-day EMA and the RSI below 40 levels will continue to attract sellers. A break below the support line of the descending channel can result in a drop to $0.24508. However, if the support holds, we anticipate a move back to the top of the range. Traders who have bought positions on our recommendation can hold with a stop loss of $0.3. The positions can be closed if the XRP/USD pair sustains below $0.3.