📊XRP/USDT: Bulls Eye Recovery Amid Key Resistance 💪📈
XRP (XRP) has been trading below its moving averages for several days, but the fact that sellers couldn’t drag the price below $0.50 indicates selling pressure is fading at lower levels. 🛑
Now, buyers are attempting to push XRP above the moving averages. If successful, the XRP/USDT pair could rally toward the overhead resistance at $0.64. However, sellers are likely to put up a strong defense at this level, just as they have before. 🛡️
On the downside, if XRP fails to clear the moving averages and reverses, it could signal that bears are still selling on each rally. A break below $0.50 might trigger a further decline toward the solid support at $0.46. 📉
Will buyers break the pattern, or will sellers maintain control? Watch for key levels! ⚖️
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