Ripple (XRPUSD) moved lower in recent intraday trading after encountering firm resistance at the key level of $333.60. The pullback appears to be an attempt to establish a higher low that could serve as a foundation for rebuilding the positive momentum needed to resume its recovery. At the same time, the cryptocurrency is working to ease its overbought conditions on momentum indicators, particularly as bearish signals have started to emerge. The latest decline has brought the price back to support at its 50-period Simple Moving Average (SMA), while it also continues to find support from a short-term bullish corrective trendline, reinforcing the prospects for a renewed advance as long as these nearby support levels remain intact.

Therefore, our outlook remains tilted to the upside for the cryptocurrency's upcoming intraday trading sessions, provided support at $313.65 holds firm. Under this scenario, the price is expected to retest the key resistance level at $333.60.

Today's price forecast: Bullish.