Fama
08/12 17:04
XRP
turned up from $2.90 on Wednesday and surged above the 20-day SMA ($3.10) on Thursday.The bears stalled the up move at $3.38 on Friday, but a positive sign is that the bulls have not allowed the price to dip back below the 20-day SMA.
If the price rises above $3.38, the XRP/USDT pair could march toward $3.66. Sellers are expected to aggressively defend the $3.66 level, but if the bulls have their way, the rally could extend to $4 and later to $4.50.
On the contrary, if the price continues lower and breaks below the 20-day SMA, it signals that the bears remain active at higher levels. XRP price could then tumble to the 50-day SMA ($2.81).
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