XRP/USD is currently moving sideways after plunging under $1.10 to test support at $1.04 a few hours ago. The Ripple price stays below the 9-day and 21-day moving averages, been purged from highs above the moving averages. However, a monthly high trades at $1.10 marks the end of the bullish action towards $1.20 today and this now paves the way for losses under $1.05.