As the broader market continues to struggle with securing a steady bullish momentum, Ripple has tapped the $0.6500 support for the second time in 24 hours. Although April started with a wealth of bullish optimism for XRP and the rest of the crypto market, these expectations have been cut short as the cryptocurrency is set to close the monthly candle lower than its open for the first time since January.

That said, the bearish market tone could persist for longer, as we could record a drop to the $0.6300 low in the near term. Any acquired bullish bias in the coming days would face a tough time scaling the $0.7000 psychological limit.

Meanwhile, my resistance levels are $0.6800, $0.7000, and $0.7300, and my support levels are $0.6300, $0.6000, and $0.5800.

Total Market Capitalization: $1.79 trillion

Ripple Market Capitalization: $31.2 billion

Ripple Dominance: 1.74%

Market Rank: #7