XRP price prediction

[cryptoenthusiast]

XRP $1.35 remains stuck between the 20-day EMA ($1.44) and the support line of the descending channel pattern.

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XRP/USDT daily chart. Source: Cointelegraph/TradingView
Sellers will attempt to sink the XRP price below the support line, but are likely to encounter solid resistance from the bulls. If the price bounces off the support line with strength, the bulls will again try to push the XRP/USDT pair above the 20-day EMA. If they succeed, the pair may rally to the 50-day SMA ($1.67) and then to the downtrend line.

Contrarily, a break and close below the support line puts the Feb. 6 low of $1.11 at risk of breaking down. The pair may then tumble to the psychological support at $1.

[nihalsari]

xrp bouncing off support like it has unfinished business