The bears could not maintain XRP below the support level of $0.50, causing the price to recover and surpass the 20-day EMA ($0.52).
Daily XRP/USDT chart | Source: TradingView
The bears will try to prevent the recovery at the 50-day SMA ($0.54), but if the buyers overcome, the XRP/USDT pair could rise to $0.64. Sellers are expected to strongly defend at the level of $0.64.
Conversely, if the price drops sharply from the 50-day SMA, it indicates that the bears are still active at higher levels. Selling pressure may increase if the pair falls below the support level of $0.50.