XRP continues to struggle to hold a bullish position as it remains restricted below the $0.8500 resistance after falling off the $0.9167 top last Wednesday. The seventh-largest cryptocurrency has had four failed attempts (today’s inclusive) at breaking the $0.8500 resistance, indicating bullish burnout.

That said, I expect to see a correction towards the $0.8000 – $07500 support area in the near term, where the cryptocurrency should attract some dip-buying to help it rebound to the $0.9000 area ( wedge top) in the coming days.

Meanwhile, my resistance levels are $0.8500, $0.8800, and $0.9000, and my support levels are $0.8000, $0.7500, and $0.7300.

Total Market Capitalization: $1.96 trillion

Ripple Market Capitalization: $39 billion

Ripple Dominance: 1.98%

Market Rank: #6