Unfortunately after the announces of new partnerships in India, Brazil, Canada, China and Singapore. The XRP/USD continue to go down.
If price fails at the above $0.78 , then price may fall and then test a lower support horizontal at $0.74. But, judging by the momentum now, I expect this scenario to be likely.
This trade could play out in 2 ways, I have outlined these below:
-Price bounces at the current horizontal support at $0.78, and then uses it as a launch pad to hit the upside target of $1.03. With this scenario the move probably will not be straight up.
-Price tests the current horizontal at 0.78 and then rolls over, breaking the to the lower at 0.74. If it breaks the support at 0.74 it show a longer term weakness, it will create a volatile market.
the last 24-hour trading is currently about $695,501,009 with a circulating supply of 39,009,215,838 XRP with a market capitalisation $36,585,769,183 .