There was a downward reaction of the Ripple price. This started a downward move and broke the $0.8800 support level and the 100 hours SMA. Sellers gained momentum and the price dropped below an important support level of $0.8080.
It is now traded below $0.8400 and below the 100 hours SMA. There is also a short bearish trend line forming on the hourly chart with a resistance at $0.8080.
Looking at the chart, the price could move above $0.8150 in the short term. However, a strong resistance of around $0.8500 can be expected. The RSI is currently below 40, the largest support level is currently $0.75, while the largest resistance is $0.85.