closed above the 20-day EMA ($2.49) on March 6, but the bulls could not maintain the momentum and surpass the 50-day SMA obstacle ($2.68).
The flat 20-day EMA and RSI near the midpoint suggest short-term range-bound action. If the price drops and stays below the 20-day EMA, the XRP/USDT pair could decline to $2.20. Buyers are expected to fiercely defend the $2.20 to $2 zone. A strong bounce from the support zone suggests the formation of a range between $2.20 and $3.
If buyers push the price above $3, the pair could gain momentum and reach $3.40. Sellers will try to defend the $3.40 level with all their might, because if they fail in their effort, the pair could shoot up to $5.#Analisatrader 