XRP holders can look to bid at these two support levels

ambcrypto.com:

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

Bitcoin rallied as high as $48k last week before seeing a pullback to trade at $44.8k at the time of writing. Even though Bitcoin was back in a zone of demand, it was unclear if a bullish Bitcoin could drag XRP higher. The $0.88-$0.92 area is stiff with resistance from the bears. A dip toward $0.75 was a possible outcome over the next few days.

Source: XRP/USDT on TradingView

Since mid-January, the price has made higher lows on the daily chart. It has also beaten the $0.81 and $0.86 levels and has climbed as high as the $0.928 level on its most recent foray northward.

The price has been trading within a descending channel pattern (white) as well, whose mid-point (dashed white) has acted as strong resistance in the past. At the time of writing, the price had managed to climb past this level. Therefore, it was a development that favored further gains.

At $0.88 lies a long-term significant level, and in the past few months, XRP has been unable to close a daily session above it. Hence, even though the market structure was bullish and the price was above the mid-range point, a slight dip could develop over the next few days.

Source: XRP/USDT on TradingView

On the daily chart, the RSI dipped below the neutral 50 line and appeared to show that the former weakly bullish momentum could reverse. The $0.88 resistance was not breached, and if the RSI continued to fall, the $0.76 support might not hold either. The Stochastic RSI was in oversold territory, but that doesn’t mean a bounce is imminent.

Further evidence of another dip comes from the OBV- simply put, even though the price wicked above the February