Ripple’s XRP could dip to $0.41

XRPUSDT

XRP rebounded off the 20-day EMA ($0.50) on April 18, but the bulls could not clear the overhead hurdle at the resistance line. The price turned down sharply on April 19 and collapsed below the 20-day EMA ($0.50).

Any attempt to recover may face strong selling between the resistance line and $0.58. On the downside, a break below $0.47 could drag the XRP/USDT pair down to the 200-day SMA ($0.41), where the bulls may aggressively buy the dips.

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