Ripple XRP still not breaking resistance line

XRPUSDT

While the bulls have been unable to break above the downtrend line, they have managed to hold the 20-day EMA ($0.45) as support, indicating a shift towards a bullish sentiment and buying on dips. The gradual upward turn of the 20-day EMA and a positive RSI suggest that the path of least resistance is towards the upside.

If buyers successfully propel the price above the 50-day SMA ($0.47), the XRP/USDT pair could gain momentum and move towards $0.54. However, this positive view would be invalidated if the price turns down and falls below the 20-day EMA, potentially paving the way for a drop to the critical support zone between $0.43 and $0.40.