Ripple has found some bullish support at the $0.8500 level, following a rejection from the $0.9120 level, which coincided with my ascending channel from late February. The cryptocurrency has spent the past 48 hours wading off bearish attempts to drag prices down as it eases out of overbought trading conditions.

XRP now trades within the mid-channel area as a dip to the $0.8350 base looms. Regardless, the broader sentiment in the market remains hyper-bullish, meaning that any move to the $0.8350 level will be followed by a bullish resurgence to the $0.9000 level and possibly the $1 barrier.

Meanwhile, my resistance levels are $0.8800, $0.9000, and $0.9275, and my support levels are $0.8500, $0.8350, and $0.8250.

Total Market Capitalization: $2.14 trillion

Ripple Market Capitalization: $41.4 billion

Ripple Dominance: 1.93%

Market Rank: #6