XRP/USD In Correction. What's Next???

Ripple has lost almost two percent in the past 24 hours. The currency pair continues its upside correction to the previous downtrend, but it is below the green ascending trend line. It seems like XRP/USD has lost momentum currently.
Let’s have a closer look at what is going on the Hourly chart. XRP/USD failed to break through 0.5 retracement level and reversed downwards. Ripple fluctuates close to 0.786 retracement level in the moment of writing. The possible ways for XRP/USD are the following:
1. Red scenario (bearish). The currency pair will break through the closest support area at 0.786 retracement level and run lower, targeting the next support area at $0.6519.
2. Orange scenario (neutral). XRP/USD will stay within the current range limited by the resistance at 0.618 and the support at 0.786 retracement level.
3. Green scenario (bullish). Ripple will jump over the resistance at 0.618 retracement level and move higher targeting 0.382 retracement level.


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