After a significant rise in March, Ripple's price has dropped to a six-week low of $0.41 and has since consolidated above that level with no signs of a bullish reversal. Despite this week's market downturn, XRP has remained relatively stable, finding support at $0.41 and retesting $0.44 before falling sharply.

The bearish correction appears to be reaching an exhaustion point, and if the price drops again, it is likely to face support on the ascending trend line forming since last December. Close support levels to watch for further dips include $0.40 and $0.37, while resistance levels to reclaim for a rebound include $0.433 and $0.45.