Ripple XRP could slide down to $0.36

XRPUSDT

On April 22, the bulls defended the 50-day SMA ($0.45) and attempted to push XRP above the 20-day EMA ($0.48) on April 24, but the long wick on the candlestick suggests that the bears are active at higher levels. The downsloping 20-day EMA and the RSI in negative territory indicate that the bears have the upper hand. If the 50-day SMA is breached, the XRP/USDT pair may plummet to $0.43, a crucial level to watch because if it is breached, the pair may continue its decline to $0.36.

To prevent a decline, the bulls will need to quickly propel the price above the 20-day EMA. If they manage to do so, the pair may rise to the resistance line, where the bears may mount a strong defense. If this barrier is overcome, the pair may rally to $0.56.

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