Ripple is struggling to gain upside traction despite staging an important technical breakout above an extremely large falling wedge pattern. XRPUSD is at risk of falling back towards the top of the falling price channel, now around the $0.6250 area, if it fails to rally. Sustained gains above the $0.7000 level will be a signal that the XRPUSD pair is headed towards the $0.8000 resistance level.
The XRPUSD pair is only bullish while trading above the 0.6500 level, key resistance is found at the 0.7000 and the 0.8000 levels.
If the XRPUSD pair trades below the 0.6500 level, sellers may test the 0.6250 and 0.6100 levels.
