Ripple is on the slide again as Bitcoin and other altcoins come under wide spread selling pressure on the cryptocurrency market. The XRPUSD pair has recentyl broken above a falling wedge pattern and could be preapring to do a full retest of the former breakout area. Because the trendline from the wedge is declining the XRPUSD pair could even fall as low as the 0.5800 support zone.
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 0.6000 and 0.5800 levels.
