Ripple's XRP looked so healthy! :(

XRPUSDT

Despite buyers pushing XRP above the resistance level at $0.56 on June 13, they were unable to maintain those higher levels. The XRP/USDT pair experienced a sharp decline, resulting in a long wick on the candlestick. Bears are now attempting to further solidify their position by pulling the price below the 20-day EMA ($0.50).

If this level is breached, the next significant support to monitor is the 50-day SMA at $0.47. If the price rebounds off the 50-day SMA, it would indicate a period of range-bound trading for a few days.