XRP Price Analysis

XRP faces selling from bears at the resistance line, but bulls have not allowed the price to drop below the 20-day EMA ($2.29).

This increases the likelihood of a breakout above the resistance line. If that happens, the XRP/USDT pair could rise to $2.73 and eventually to $2.91. Sellers are expected to fiercely defend the $2.91 level.

Time is running out for bears. They will need to push the price below the 20-day EMA to keep the pair trapped within the triangle for a while longer. Bears will take control if there is a breakout and close below the support line.