$$XRP has been clinging to the 20-day EMA ($1.90) for the past few days, increasing the likelihood of an upside breakout.

If that happens, the XRP/USDT pair could rise to the downtrend line. There is resistance at the 50-day #SMA ($2.02), but it is likely to be crossed. Sellers are expected to mount a strong defense at the downtrend line. If the price turns down sharply from the downtrend line, the pair may remain inside the channel for some more time.

The $1.61 level is the critical support to watch out for on the downside. If the level cracks, the XRP price may start a new downtrend toward the Oct. 10 low of $1.25.