Fresh off setting a one-month high, the price of ripple's native cryptocurrency, XRP, is struggling to cut through resistance offered by a rising channel hurdle.
At press time, the ripple-US dollar (XRP/USD) exchange rate is $0.24, and while that figure is up 4.24 percent on the day and 21.89 percent week-over-week, it seems further gains may be difficult.
Potentially positive news drivers aside, price action analysis suggests XRP is struggling to hold above $0.21 (its September 27 high), meaning downside potential is still in play.
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