XRP has once again bounced off the $ 0.20570 support today, which is a positive sign. This shows that the bulls are aggressively defending this level. Now they will try to bring altcoin to the upper resistance of USD 0.24560
The ascending moving averages and the RSI above the 60 level suggest that the bulls have the advantage. A break above $ 0.24560 can result in a shift to the long-term downtrend line at about $ 0.28.
However, if the bulls struggle to push the third-ranked cryptocurrency on CoinMarketCap above $ 0.24560, traders can reserve partial gains on their long positions and follow stop loss on the rest of the rest. position at $ 0.20. Below this level, a drop to $ 0.17372 is possible