Technical Analysis Weekly Ripple Price June 1 Ripple collapsed yesterday, with a critical backing of $ 0.277, but was able to defend it. If this support were broken, the next point was $ 0.24.
Ripple attempt to pass a resistance range of $ 0.45 to $ 0.479 last week was unsuccessful. As a result of failing to pass through the resistance, Ripple fell to near the EMA-20.
Buyers are now struggling to cross the resistance range, if they succeed, the next target is $ 0.6.
If the support for the EMA-20, which is currently at 0.396, is to be broken down, we should expect the Ripple to fall to the support level of 0.378-0.356. The next major support for Ripple is at 0.35.