Following a relatively bullish week that culminated in a spike to the $0.8500 top last Sunday, XRP has fallen into a sideways pattern under the $0.8000 mark. However, the sixth-largest cryptocurrency has held its end from dropping below my three-week-long ascending trendline and wedge bottom.

With the prevailing sentiment in the broader market, we should expect to see a mild bullish momentum today, with a possible retest of the $0.8000 barrier. A sustained move above this level would mean a breakout above the long-prevailing bearish trendline and wedge top, which should help XRP bolster its upward momentum.

Meanwhile, my resistance levels are $0.8000, $0.8250, and $0.8500, and my support levels are $0.7300, $0.7000, and $0.6800.

Total Market Capitalization: $1.79 trillion

Ripple Market Capitalization: $37 billion

Ripple Dominance: 2%

Market Rank: #6