Yesterday, July 18, sellers managed to drive the price into the yellow side corridor and set a local minimum at the point of $0.305 during the confrontation at the upper limit of the range $0.310. However, buyers were able to seize the initiative and the bullish impulse pushed the pair above the level of $0.320.
At the moment of the writing, the trading volume is at an average level, and the XRP price is trying to consolidate in the area of support at $0.320. If today the hourly EMA55 is not able to support the pair, Ripple will return to the yellow side corridor.