XRP Price Analysis: Struggling around key $2 support

#XRP broke below the 20-day EMA at $2.10 on April 15 and dipped close to the critical $2 support on April 16.

The flat 20-day EMA and the RSI hovering just below the midpoint suggest a possible range-bound movement in the short term. The XRP/USDT pair may continue swinging between $2 and the 50-day SMA at $2.23.

A breakout and close above the 50-day SMA could open the door for a rally toward the upper resistance. This is where #bears will likely mount strong defense, as a breakout here could indicate a short-term trend reversal. On the flip side, a breakdown and close below $2 could trigger a deeper fall toward $1.61.