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- 🔥 Gate Square #Gate Alpha Third Points Carnival# Trading Sharing Event is Live!
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XRP technical analysis
The XRP (XRP) recovery is facing selling pressure near the 20-day EMA ($0.50), but the bulls have not given up and are trying to push the price above the resistance.
If the buyers push the price above the 20-day EMA, the XRP/USDT pair could attempt to rally to $0.56. This level could be a difficult hurdle to overcome for the bulls.
Conversely, if the price turns down from the current levels, it will show that the bears are fiercely defending the 20-day EMA. There is a minor support at the uptrend line but if this breaks, the pair risks sliding to $0.45 and eventually $0.41.
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