Ripple Price Analysis: XRP rejects further downside above $1.10, ready to rally today?

TL;DR Breakdown Ripple price analysis indicates bullish momentum to take over today.XRP/USD retraced to retest $1.10 mark.XRP rejects further upside. Ripple price analysis is bullish today as the market retraced over the last 24 hours to retest the $1.10 previous resistance as support. Therefore, we expect XRP/USD to rally higher today and start its way towards the next resistance around 1.50. Cryptocurrency heat map. Source: Coin360 The overall market has started to recover over the last 24 hours. Bitcoin is still down by 1.32 percent, while Ethereum is by 1.78 percent. Solana (SOL) is still the best performer, with a gain of 15.5 percent. Ripple price movement in the last 24 hours: Ripple retests $1.10 as support XRP/USD traded in a range of $1.14 – $1.29, indicating mild volatility over the last 24 hours. Trading volume has increased by 4.25 percent and totals $8.7 billion, while the total market cap trades around $56.5 billion, ranking the cryptocurrency in 6th place overall. XRP/USD 4-hour chart: XRP prepares for another push higher? On the 4-hour chart, we can see the Ripple price rejecting further downside as bulls prepare to push the market to the $1.50 mark later this week. XRP/USD 4-hour chart. Source: TradingView Ripple price action has seen an increase of over 150 percent over the past month after a significant swing low was set above the $0.50 mark on the 20th of July. Since then, XRP/USD has moved past...