XRP Breakdown Ahead?
XRP is facing increased selling pressure as it hovers just above a critical support zone.
At the time of writing, XRP is trading at $2.30, a level that has held up as support in recent sessions.
Technical Overview
🔻 Below EMA 50
On the 4-hour chart, XRP has slipped below the EMA 50, a key trend indicator. This move suggests that the short-term bullish momentum has faded, and sellers may be gaining control.
RSI is Neutral
The Relative Strength Index (RSI) is sitting in a neutral zone, neither indicating overbought nor oversold conditions. This means there’s no strong reversal signal yet, leaving the market open to further downside.
Key Level to Watch: $2.29
The $2.29 support is now the most important level for XRP. A break below this zone could trigger a move down to the next support area around $2.20.
Traders should monitor price action closely — holding this level could mean a temporary bounce, but a breakdown may invite stronger selling.
Conclusion
XRP looks technically weak below the EMA 50, with a neutral RSI and a fragile support level at $2.29. If that support breaks, $2.20 could be the next target.
Keep an eye on the charts — the next move could define XRP’s short-term direction.
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