XRPUSDT The bears seem to be resisting XRP's recovery at $0.53, as indicated by the long wick on its April 11 candlestick.
To strengthen their position, sellers may attempt to drag the price below the 20-day EMA ($0.49). If they succeed, many short-term bulls could be forced to exit their positions, causing the XRP/USDT pair to fall towards the next support at $0.43.
On the other hand, if the price bounces back from the 20-day EMA, it will indicate that buyers are still interested in buying dips. The bulls will need to surpass the strong resistance at $0.53 to regain control of the market.
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