Ripple recently tested the $0.40 resistance level and couldn't break the same with dropping to $0.32 level(19%) recently.

Bullish Case:

If the manages to hold $0.32 price level and breaks the 0.38$ level then it would be slightly bullish for the asset.

Bearish Case:

There is a lack of buying interest( volume ) and if It broke the $0.32 support level and closes below the green line with strong sell volume then it will be highly bearish case for ripple with a target of price level below $0.30.
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