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XRP (XRP) tried to rise above the breakdown level of $2 on April 8, but the bears held their ground. That suggests the bears are trying to flip the level into resistance.
If the price turns down and breaks below $1.61, the
XRPUSDT pair could resume the downtrend. The next support on the downside is at $1.27.
Conversely, if buyers drive the price above the 20-day EMA ($2.10), it suggests solid demand at lower levels. There is a minor hurdle at the 50-day SMA, but it is likely to be crossed. If that happens, the pair could rally to the resistance line, where the bears are expected to sell aggressively.