After trading in a tight range from February 15 to 19, Ripple broke down of this range yesterday, February 20.. It has also fallen below the 20-day EMA; this indicates weakness. Our suggested stop loss of $0.95 has not yet been breached. But unless the bulls quickly climb above the 20-day EMA, a fall to $0.87 is likely.
The XRP/USD pair will gain strength only if it breaks out and sustains above $1.23. We expect the cryptocurrency to remain range bound between $0.87 and $1.2 over the next few days.