Alright guys, here’s how I’m looking at XRP right now 👇

So XRP recently got rejected from the 20-day EMA around $1.36, and after that, price started moving down. Right now, sellers are trying hard to push it below the $1.27 support level.

For me, this $1.27 level is very important.

My view on XRP:

If price breaks below $1.27, then I think we can see a quick drop

Next level I’m watching is around $1.11

And honestly, $1.11 is a very strong support. Bulls really need to defend this level.

If $1.11 also breaks, then downside can extend further

Price can even move towards $1, which is near the support line of the channel

On the upside:

Now buyers will not sit quietly.

If XRP manages to go back up and break above the moving averages

Then we can see a good recovery

In that case:

First target I’m looking at is $1.61

After that, price can move towards the downtrend line

Final thought:

Right now, XRP is looking slightly weak to me because it is getting rejected from higher levels.

So I’m just watching:

$1.27 on downside

Moving averages on upside

Break in either direction will decide the next move..