Ripple is still trading above 20-day EMA and 50-day SMA which is positive. Actually, it bounced back from 20-day EMA at $2 today. Some indicators such as RSI and MACD show the correction isn't finished. So to speak, if it breaks down the $2 level we may see Ripple at $1.40 which is the extended Fibonacci retracement.
Upside, we have $2.50 and $2.90 resistance levels, if it succeeds to go above this level and sustains there we expect to resume the uptrend.
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