VOT Research Desk
XRP tickers down $0.39 has been trading below the 20-day EMA of $0.39 since December 2, indicating that bears are vigilantly defending the area.
On December 12, the price fell to the immediate support level of $0.37. 
The 20-day EMA has begun to decline gradually, and the RSI has dropped towards 42, indicating that bears have the upper hand. If the $0.37 support fails, the selling might become more intense, and the XRP/USDT pair could fall to $0.33.
Another possibility is that the price bounces off the $0.37 support level. If this occurs, the pair may rise to the 20-day EMA.
If the price falls again from this resistance, the chances of a break below $0.37 grow, but if the 20-day EMA is scaled, the chances of a break below $0.37 decrease.
