#Ripple Drops 7%, #XRP Bulls Upbeat as Prices Float above $0.67
Past Performance of Ripple
Currently, the #Ripple price is in red, steady in the past 24 hours but down eight percent in the previous trading week as per the performance in the daily chart . Even so, XRP bulls stand a chance.
At spot rates, XRP has support at critical levels and may spring higher in a buy trend continuation pattern if there is rejection of lower prices.
Ripple Technical Analysis
In the daily chart , XRP is under pressure, mirroring the general state of the crypto market. The coin is down eight percent versus the #USDT. However, prices are reacting at around the 61.8 percent Fibonacci retracement level of the Q1 2022 trade range. Still, a drop below last week’s low of around $0.67 may force the coin back to $0.60—or lower. A recovery above $0.75 could draw in buyers angling for $0.79 and later $0.88 if there is a high volume upthrust confirming gains of April 18.
What to Expect from XRP?
Buyers are upbeat, bullish that #XRP would reclaim its slot in the top-3. A close above $0.75 would solidify bullish convictions, possibly pumping XRP to new reaction levels.
Resistance level to watch out for: $0.75
Support level to watch out for: $0.67
Disclaimer: Opinions expressed are not investment advice. Do your research.

