The XRP-to-USD exchange rate (XRP/USD) dropped to an intraday low at 0.3003 this Friday. Earlier yesterday, the pair had established a new weekly high at 0.3429 owing to global banking giant Swift’s announcement of integrating R3 Corda, which supports XRP as its native token. Traders treated the event as the sign of the next bull wave. The price surged impressively but found its upside momentum capped on a higher high formation towards $0.3429. A correction ensued and spent its Thursday maximizing.It could have appeared organic had the price sustained its gains. On January 31, the XRP market posted three consecutive selling sessions on an hourly basis. Between 0700 UTC and 1000 UTC, the XRP/USD rate had fallen from 0.3329 to 0.3103. Meanwhile, traders exited their short positions that translated into a brief upside correction. The pair again switched sides after it tested 0.3206 for a breakout, forming three long red candlesticks.A rising trendline, meanwhile, is capping the XRP/USD rate from forming any more lower lows. The support area, in a best-case scenario, could allow the pair to sustain its upside action. However, if broken, the XRP/USD rate could fall toward its next downside target area, defined between 0.2898 and 0.2853.