XRP could go to $0.30 to find support

XRPUSDT

On April 19 and 20, the bulls tried to recover XRP's price and push it above the 20-day EMA ($0.49), but the bears did not relent. The bulls tried to stop the decline near the 50% Fibonacci retracement level of $0.47, but the bears pulled the price below it.

The XRP/USDT pair may next drop to the 200-day SMA ($0.41), and it seems that the pair may trade inside a large range between$0.56 and $0.30 for a while longer. If the price bounces off the 200-day SMA, the pair may trade in the upper half of the range, while a break below it may keep the pair stuck in the lower half.

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