With a $26 billion market value, XRP is the sixth-largest cryptocurrency in the world. It dropped 3.3% in the last day and is looking for firmer support near $0.50.
It is now trading little above $0.50 after being previously rejected at the $0.5853 price point in March.
The biggest cross-border money transfer token is at a decision point with two options.
The bulls will likely benefit from maintaining support at $0.50, allowing them to prepare another significant assault on the supply zones at $0.55, $0.65, and $0.85.
In anticipation of the impending summary judgement in the legal dispute between Ripple, the issuing business, and the US Securities and Exchange Commission (SEC), the XRP price fared particularly strongly in March.
