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Can XRP garner enough buying volume for a bullish bounce back

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XRP has retraced back to its mid-June lows after a rally attempt that yielded an almost 30% upside. However, the short-lived rally gave way to a substantial bearish retracement, undoing the gains.XRP traded at $0.31 at press time after a 15% downside in the last seven days.

The bearish retracement has pushed it back to mid-June price levels where it bottomed out. This means that the press time price action is retesting last month’s support levels.Source: TradingViewXRP’s declining sell pressure suggests the likelihood that the $0.30 support level might hold and potentially trigger another upside.

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