- Ripple faces resistance at the descending trendline and $0.6.
- Declines may come into the picture if the 50 SMA support in the 4-hour chart breaks.
Ripple struggles to hold above the short-term support at $0.55 following a failed attempt to touch $0.6. A descending trendline has capped the immediate upside on the 4-hour chart. XRP is doddering at $0.56 at the time of writing.