Ripple (XRPUSD) advanced slightly in its latest intraday trading, attempting to recover part of its previous losses while also working off its clearly oversold levels shown by the relative strength indicators, especially amid the start of positive signals emerging from them. However, ongoing dynamic pressure from trading below the 50-day SMA reduces the chances of a near-term recovery, while the main short-term bearish trend remains dominant, with trading along a descending line that reinforces this direction.

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $2.5397 holds, targeting the support level of $1.7710.

Todays price forecast: Bearish.