XRP–USD daily chart.

XRP–USD daily chart.

Gate Trade XRP Tuesday, April 14, 2020 759 0

XRP has slipped below the 20-day EMA ($0.184) after staying above it for the past few days. This is a negative sign as it shows that the bears are gaining the upper hand. On a break below $0.175, a drop to $0.15708 is possible. If this level breaks down, it will be a huge negative.

Conversely, if the XRP/USD pair rebounds off the current levels or the support at $0.15708, the bulls will make another attempt to scale above the $0.2057-$0.21608 resistance zone. 

 

If successful, a new uptrend is likely that can reach $0.25 and above it $0.28. Therefore, the bulls can keep the stop loss on the long positions at $0.155