Ripple (XRPUSD) price recorded gains in its latest intraday trading, supported by positive signals emerging from the Stochastic indicator. The price has recently approached resistance at its 50-day SMA, which signals a potential bearish reversal, especially after being affected earlier by the break of a short-term bullish trendline, increasing the overall negative pressure surrounding the price.

Therefore we expect the cryptocurrency price to decline during its upcoming intraday trading sessions, as long as it remains below the resistance level at $1.4520, targeting the key support level at $1.3670.

Todays price forecast: Bearish