XRP has now lost about 50% since the start of 2019 and yesterday touched the area below $0.18 support (2 years low) amid growing bearish pressure. We can only say - welcome to pre-Christmas volatility.
The RSI made reversal from its oversold area on both daily and H4 charts. This suggests that Ripple price action could continue upside towards $0.20. Further upward movement could come face to face with the resistance at the 50 (0.2126) and 200 ($0.2274) SMAs on the 4-hour chart. If more buyers emerge, XRP/USD can break and to stays above $0.2340 (the monthly high) and than the bulls will have a higher chance of seeing gains towards $0.30.
Barring another crypto meltdown, however, XRP/USD could re-test and breakout of $0.1790 low. In that event the next bearish target will be the 0.1705 support, followed by 0.1620.