Ripple (XRP) Bottom Is In, Rally Incoming – Cryptocurrency Technical Analysis, Prediction, Chart

For the previous few days, Ripple (XRP) has been trading in a narrow range between $0.65 and $0.54. This indicates that both bulls and bears are playing it cautious and not taking big risks.

Bears have the upper hand, as evidenced by the downsloping 20-day EMA ($0.70) and the relative strength index (RSI) nearing oversold territory. The XRP/USDT pair could fall to the psychological support level of $0.50 if the price drops from $0.64.

The pair could challenge the 20-day EMA if bulls move the price above $0.64, contrary to popular belief. If this resistance is broken and closed above, the 50-day SMA ($0.79) could be reached. To suggest a prospective trend change, the bulls must overcome this obstacle.

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