XRPUSDT
During an upward movement, traders typically seize the opportunity to buy the dip at the 20-day EMA ($0.49), and the same occurred in XRP on June 5 and 6, as evident from the long tail on the candlesticks. However, the bears are putting up a fight and continue to sell when the price rallies into the resistance zone between $0.56 and $0.59.
A sharp downturn breaking below the 20-day EMA would indicate the bears' intention to maintain the range between $0.30 and $0.56. Conversely, buyers aim to overcome the overhead hurdle, signaling the beginning of a new uptrend. If successful, the XRP/USDT pair could rally towards $0.60 and potentially reach $0.80.
