XRP/USD daily chart

XRP/USD daily chart

Gate Trade Ripple Saturday, June 20, 2020 333 0

XRP has dipped to the support line of the symmetrical triangle. The downsloping 20-day EMA ($0.195) and the RSI in the negative territory suggest that bears have the upper hand.

 

If the altcoin breaks and closes (UTC time) below the triangle, the bears will try to drag the price to $0.162 and then to $0.144.

 

This bearish view will be invalidated if the fourth-ranked cryptocurrency on CoinMarketCap turns around from the current levels and breaks out of the downtrend line of the triangle. A close (UTC time) above the triangle can push the price to $0.214616 and then to $0.235688.