Ripple (XRP) bounced off $0.66 on Feb. 2 and the bulls pushed the price above the 50-day SMA ($0.72). The buyers will now attempt to clear the overhead hurdle at $0.75.
If they manage to do that, the XRP/USDT pair could rise to the downtrend line. The bulls will have to push the pair above this line to indicate that bulls are back in the game. The pair could then rally to $0.91.
Alternatively, if the price turns down from $0.75, it will suggest that bears have flipped the level into resistance. The bears will then attempt to pull the price below $0.66 and extend the decline to $0.60.
If they manage to do that, the XRP/USDT pair could rise to the downtrend line. The bulls will have to push the pair above this line to indicate that bulls are back in the game. The pair could then rally to $0.91.
Alternatively, if the price turns down from $0.75, it will suggest that bears have flipped the level into resistance. The bears will then attempt to pull the price below $0.66 and extend the decline to $0.60.