The bears have failed to sink XRP below the $2 support, suggesting a lack of selling pressure at lower levels.
The bulls will try to start a recovery, which could reach the 50-day SMA ($2.23). This is an essential short-term level to keep an eye on because a break above it opens the doors for a rally to the resistance line. Buyers will have to push the price above the resistance line to signal a short-term trend change.
Alternatively, a break below the $2 support tilts the advantage in favor of the bears. The XRP/USDT pair could then plunge to the $1.72 to $1.61 support zone.
# #Xrpš„š„
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