XRP Hovers at $1.60 as Critical 33-Month EMA Test Threatens Macro Bear Confirmation | Crypto Craft

  • XRP Hovers at $1.60 as Critical 33-Month EMA Test Threatens Macro Bear Confirmation

    From fxleaders.com

    XRP is trading at approximately $1.60, down roughly 3% over the past 24 hours, as the cryptocurrency tests a major long-term support level that analysts warn might dictate its market structure for months ahead. The latest price movement has pushed the token dangerously near to confirming a breakdown below the 33-month exponential moving average (EMA), a technical milestone that has historically divided bullish cycles from lengthy bearish periods. According to analysis by crypto analyst Egrag Crypto, XRP briefly dropped to an intraday low of $1.57 during the last market-wide selloff before stabilizing around ... (full story)

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