XRP dropped and fell below the 20-day EMA ($3.11) on Thursday, indicating a lack of demand at higher levels.
The slightly flat 20-day exponential moving average (EMA) and the RSI just below the midpoint do not provide a clear advantage to either the bulls or the bears. If the price stays below the 20-day EMA, the bears will attempt to bring the XRP/USDT pair down to solid support at $2.73.
On the upside, a breakout and close above $3.40 indicates an advantage for buyers. The price of XRP could then rise to $3.66. The next trend movement could start with a breakout above $3.66 or below $2.73.
