XRP/USD Daily chart

XRP/USD Daily chart

Gate Trade Ripple Saturday, April 25, 2020 329 0

If successful, a move to $0.20570 is likely. The bears might again defend this level but a break above it can start an uptrend that can result in a rally to $0.25.

The gradually upsloping 20-day EMA ($0.187) and the RSI just above the midpoint suggests a marginal advantage to the bulls.

However, if the XRP/USD pair turns down from the current levels or from the overhead resistance at $0.20570 and breaks below $0.17372, the trend is likely to favor the bears. Therefore, the protective stop-loss on the long positions can be trailed higher to $0.170