Ripple Price Analysis: XRP fails to move away from $1.25, set for another retracement?

TL;DR Breakdown Ripple price analysis is bearish for today.XRP/USD continues to consolidate around $1.25.XRP rejects further upside. Ripple price analysis is bearish today as the market could not reach further upside over the last 24 hours and continued to consolidate. Therefore, we expect XRP/USD to reverse later today and retest the $1.10 mark again. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the red over the last 24 hours. The market leader, Bitcoin, is down by 2.48 percent, while Ethereum is down by 1.23 percent. Ripple (XRP) is among the worst performers, with a decline of 5 percent. Ripple price movement in the last 24 hours: Ripple fails to move above $1.30 XRP/USD traded in a range of $1.22 – $1.29, indicating a good amount of volatility over the last 24 hours. Trading volume has declined by 0.89 percent and totals $5.726 billion, while the total market capitalization trades around $57.25 billion, ranking the coin in 6th place overall. XRP/USD 4-hour chart: XRP ready to retest the $1.10 support? On the 4-hour chart, we can see the Ripple price failing to reach further upside, indicating another retracement to come later this week. XRP/USD 4-hour chart. Source: TradingView Ripple price action has seen a substantial increase over the last month. From the $0.52 previous significant swing high, XRP/USD has rallied by more than 150 percent to the current high of $1.35. However, b...