Ripple (XRPUSD) price settled with cautious gains in its latest intraday trading, but faced resistance at its 50-day SMA, which limited its recent advance. The price also moves along a minor corrective downward slope line on the short term, reinforcing the bearish outlook. At the same time, a negative divergence is forming in the Stochastic indicators after reaching strongly overbought levels, exaggerated relative to the price movement, with negative signals starting to appear.

Therefore, we expect the currency to decline in its upcoming intraday trading, as long as the resistance level of 3.0828 holds, to then target the key support level of 2.7387, with chances of breaking below it.

Todays price forecast: Bearish.