XRP closed below the 20-day EMA ($2.23) on December 26, signaling the possibility of a drop to the support line.
The XRP/USDT pair is forecasted to trade within the range between the support line and the resistance line of the symmetrical triangle for a while. The 20-day EMA is flat and the RSI indicator near the average does not provide a clear advantage to either the bulls or the bears.
The next trend may begin when the price breaks above or below the triangle. If it breaks through the resistance line, the currency pair could rise to $2.91. Conversely, if it drops below the support line, the currency pair could adjust to $1.62.
