The bears have successfully defended the 20-day EMA for the past four days. Ripple can now correct to the 50-day SMA, which might act as a support.
If the bears break below the 50-day SMA, the XRP/USD pair can drop to $0.37185. On the upside, a break and close (UTC time frame) above the 20-day EMA can carry prices to $0.5, $0.55, and further to $0.625.
We couldn’t find any reliable buy setups at the current levels, hence we are not suggesting any trades in the pair.