Ripple Price Analysis: XRP/USD could get stuck at 0.2258
|- Ripple is trading nearly 1.5% higher today as sentiment has bounced.
- There are some key confluence areas about the current price to watch.
XRP/USD daily chart
Its been quite some fall from grace for Ripple. On February 15th XRP/USD was trading as high as 0.3463.
Since the price has made lower highs and lower lows and the pair is still in a technical downtrend.
The psychological 0.20 support was enough to stem the losses for now.
On the upside, there is a resistance zone at 0.2265 that could halt the bulls in their tracks.
Also, there is the 0.22 psychological level too.
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