XRP supported by 50 day Moving Average

XRPUSDT

XRP bounced off the support at $0.43 on April 26, indicating that the bulls are defending this level. However, the price has reached the 20-day EMA, which is an important level for the bears to defend in the near term. If the price turns down from this level, the XRP/USDT pair may plunge to $0.36.

On the contrary, a break above the 20-day EMA could push the pair to reach the resistance line, signaling the end of the short-term corrective phase and a possible rally to $0.54 and $0.58.

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