is enjoying some R&R – without her engagement ring.
Despite rumors of a split with her fiancé Liam Hemsworth
, Cyrus, 20, seemed content to be sipping on a beverage poolside while showing off her svelte physique in a printed Beach Riot bikini in Palm Desert, Calif., on Friday.
But Cyrus isn't the only one dealing with breakup rumors by soaking up the sun. Last week, Hemsworth, 23, who was visiting his native Australia, took a dip in the ocean
, then strolled down the beach without his shirt.
A source told PEOPLE at the time that the Hunger Games
actor flew to Australia to "have a break" from Cyrus.
Despite being thousand of miles apart, the source adds that Cyrus is hoping to reconcile
"She has no plans to see Liam but seems to be clinging to hope that they will get back together," says the source. "Miley hasn't canceled the wedding."