🟣 XRP Technical Analysis: Key Levels to Watch
XRP recently pulled back and underperformed the broader crypto market, slipping further below key moving averages. While short-term technicals remain bearish, supportive fundamentals continue to favor a bullish medium-term outlook if critical resistance levels are reclaimed.
Key Facts:
• XRP declined 2.58%, closing near $1.3998
• Broader crypto market cap fell 1.93%, with XRP showing heavier selling pressure
• Price remains below the 50-day and 200-day EMAs, signaling bearish momentum
Technical Levels to Watch:
• Support: $1.00 → $0.7773
• Resistance: $1.50 → $2.00 → $2.50 → $3.00
• 50-day EMA: $1.7970
• 200-day EMA: $2.1797
Market Insight:
A break above $1.50 could open the path toward the 50-day EMA. A sustained move above the 50-day EMA would signal a near-term bullish trend reversal, while a confirmed breakout above both EMAs would reinforce bullish medium-term price targets and bring the 200-day EMA into play.
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