XRP price analysis

XRP (XRP A 0.54$) started a bounce off the 20-day

EMA ($0.52) on May 24, but they could not build upon this strength. This shows that the recovery attempts are being sold into.

The bears will try to strengthen their position by pulling the price below the moving averages. If they do that, the XRP/USDT pair could slide to the support line. The bulls are likely to buy the dip to this level.

If the price turns up from the current level or the support line and breaks above $0.57, it will complete an ascending triangle pattern. The pair could then attempt a rally to the pattern target of $0.68.