XRP has been maintaining above the moving averages in the past few days, but the bulls have failed to clear the hurdle at $0.60.

However, the rising 20-day EMA ($0.57) and the RSI in the positive territory suggest that the path of least resistance is to the upside. If buyers kick the price above $0.60, the XRP/USDT pair may reach $0.64. The bears are expected to aggressively defend the level, but if the bulls prevail, the rally could stretch to $0.74.

This positive view will be invalidated in the near term if the price turns down sharply and skids below the uptrend line. That could sink the pair to $0.50 and later to $0.46.