Ripple is also moving according to our scenario as the bulls could not stay above $0.40 for a long time. Currently, the asset has lost around 1% from its yesterday price.
On the 1-hour chart, Ripple has been trading sideways since June 10, and the coin is not going to leave this corridor at once. This is backed by the RSI pattern, which is located in the neutral zone. Taking into account the historical background, the rate is about to go down, when the quotes fluctuate within the same price level for a long time. In this case, Ripple might touch $0.3830 before coming back to $0.40 again.