📉 XRP Bounces to $0.47
XRP bounced off the $0.46 support on June 24, but bulls are struggling to extend the recovery.
🐻 Bears in Control
Both moving averages are sloping down, and the relative strength index (RSI) is in negative territory, indicating bears are in control. Sellers will again try to push the price below $0.46. If successful, the XRP/USDT pair could slump to the next major support at $0.41.
🛡️ Defending Key Support
Buyers are expected to vigorously defend the $0.41 to $0.46 zone, as a break below it could sink the pair to $0.35. The first sign of strength will be a break and close above the 20-day EMA, potentially leading to a rally to $0.52.