$XRP

XRP/USDT daily chart. Source: Cointelegraph/TradingView

Sellers pulled the price below the crucial support of $2.95, but the long tail on the candlestick shows solid buying at lower levels. The bulls will again try to drive the XRP/USDT pair above the 20-day SMA. If they do that, the pair may swing between $2.95 and $3.66 for some time.

Conversely, if the price turns down and closes below the $2.95 level, it suggests that the bulls are rushing to the exit. That increases the risk of a drop to the next significant support at the 50-day SMA ($2.62).