XRP price analysis
The bulls tried to push XRP to the overhead resistance of $0.57 on May 21, but the long wick on the candlestick shows that the bears are selling on rallies.
If the price rebounds off the moving averages, it will signal that the bulls are attempting to flip the level into support. If they manage to do that, the prospects of a rally above the overhead resistance of $0.57 increase. The XRP/USDT pair could then surge toward $0.67.
Contrarily, if the price continues lower and breaks below the 20-day EMA, it will suggest that the bulls have given up. The pair could then drop to the support line, where the bulls will try to arrest the decline.
