XRP bounced from the uptrend line on October 20, but the bulls could not push the price above the 50-day SMA ($0.56).
XRP/USDT daily chart | Source: TradingView
The bears will try to gain the upper hand by pulling the price below the rising trend line. If this happens, the XRP/USDT pair could drop to $0.50. The buyers have defended the $0.50 level twice before and are likely to do so again.
Alternatively, if the price bounces off the rising trend line and breaks above the 50-day SMA, it would signal that the bulls are back in the game. The pair could then aim for the $0.64 resistance level.
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