$XRP price analysis......🚀🚀🚀
The bulls have pushed XRP
$0.55
above the 20-day EMA ($0.53) on May 6, indicating that the corrective phase may be ending.
#XRP/USDT daily chart.
The flattish 20-day EMA and the RSI just above the midpoint suggest a balance between supply and demand. This advantage will tilt in favor of the bulls if they drive the price above the 50-day SMA ($0.56). The XRP/USDT pair could then pick up momentum and climb to the stiff resistance at $0.67.
The bears are likely to have other plans. They will try to protect the 50-day SMA and pull the price back below the 20-day EMA. If they do that, the pair may plummet toward the crucial support zone between $0.46 and $0.41.
