The pair is now testing the 61.8% Fib retracement level of the recent rise from the $0.2715 low to $0.2872 high. An immediate support is near the $0.2750 level. It coincides with the 76% Fib retracement level of the recent rise from the $0.2715 low to $0.2872 high. If there are more downsides, ripple price could revisit the main $0.2720 support area in the near term.
On the upside, an initial resistance is near the $0.2800 level. The next resistance is near the $0.2850 level, above which the price is likely to accelerate above the $0.2872 high. The next stop for the bulls in the mentioned case could be $0.2950.
Looking at the chart, ripple price is clearly correcting lower from the $0.2872 high. It might continue to decline below the $0.2750 support. However, the $0.2720 and $0.2700 are likely to hold the decline. Overall, as long as the price is above the $0.2700 level, it is likely to bounce back above $0.2820.