Chart for XRP/USD (1H)
Ripple (XRP) pierced through the 10 hour EMA today while most cryptocurrencies struggled to break resistance. However, the bullish momentum did not last for long and the price had to fall back into the triangle. It is still up 1% for the day as the price struggles to break out of the triangle. Short term, there is not much room for further downside. The price will have to break past the critical 21 hour EMA if Ripple (XRP) is to fall further. That does not seem very probable as the market has already been through an extended correction. That being said, wave trend profile for the XRP/USD 1H chart does show that the price may continue to consolidate till the end of the month.