Ripple is at risk of greater losses as Bitcoin and other top cryptocurrencies fail to find a meaningful buying interest or a price floor. The XRPUSD pair could fall towards the 0.5500 support level if sellers hold the price below the 0.5800 support level due to the presence of a head and shoulders pattern. XRPUSD short-term bulls need to reverse the short-term bearish trend by holding the price above the 0.6500 resistance area.
The XRPUSD pair is only bullish while trading above the 0.6500 level, key resistance is found at the 0.7000 and the 0.7500 levels.
If the XRPUSD pair trades below the 0.6500 level, sellers may test the 0.5800 and 0.5500 levels.
