$XRP

The recovery failed at $2.64 on December 8, indicating that the bears are selling on relief rallies.

The bears will try to strengthen their position by pulling the price towards the 20-day EMA ($1.99). If the price rebounds off the 20-day EMA strongly, the bulls may again attempt to push the XRP/USDT pair towards $2.91.

Conversely, a break and close below the 20-day EMA will signal that the bulls are rushing for the exit. This suggests that the pair may have topped out in the near term. The pair could decline to $1.90 and then to $1.68.