XRP Price Analysis
$XRP recently retreated from the $0.64 resistance level on August 24, indicating strong bearish defense at this level.Key support levels to watch are the 20-day exponential moving average (EMA) at $0.58 and the 50-day simple moving average (SMA) at $0.56. If the price rebounds from these moving averages, it will signal that bulls are buying the dips, potentially leading to another attempt to overcome the $0.64 resistance. A successful break above $0.64 could drive the XRP/USDT pair towards $0.74.Conversely, if the price declines and falls below $0.54, it would suggest that bearish pressure is prevailing, potentially keeping the pair within the $0.41 to $0.64 range for a few more days.
