Ripple price started an upside correction above the $0.6200 resistance against the US dollar.
The price is now trading near the $0.6500 resistance and the 55 simple moving average (4-hours) which is close to the 50% Fib retracement level.
There is a key bearish trend line forming with resistance near $0.6600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
The pair could start a major increase if it clears the $0.6500 and $0.6600 resistance levels.
Ripple price must clear the $0.6500 and $0.6600 resistance levels to start a steady increase in the coming sessions.
The next major resistance could be near $0.7000. On the downside, the first major support is near the $0.6200 level. If there is a clear break below the $0.6200 level, the price could see an increase in selling pressure. In the stated case, the price is likely to decline towards the $0.6000 level. Any more losses might call for a drop towards the $0.5750 support zone.