XRP has been trading below the $0.43 level in recent days, but the bulls have shown resilience by preventing further declines. The bulls will aim to capitalize on this situation and push the price above $0.43. Such a move could lead to a recovery towards the resistance line, where the bears are likely to defend.
To initiate a rally to $0.48 and then $0.54, the bulls must overcome this obstacle. On the other hand, if the price retreats from the current level and breaks below $0.40, it would signal a resumption of the downtrend. In such a scenario, the XRP/USDT pair may decline further towards $0.36.
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