XRP has been trading near its 20-day exponential moving average, showing indecision in the short term. Price action over the past few sessions suggests traders are watching this level for clues on the next price move.
Holding above the 20-day EMA could signal renewed bullish momentum, potentially opening the way for a retest of recent swing highs.
On the other hand, sustained weakness below this dynamic support may shift sentiment towards the bears, increasing the probability of a pullback.
Holding above the 20-day EMA could signal renewed bullish momentum, potentially opening the way for a retest of recent swing highs.
On the other hand, sustained weakness below this dynamic support may shift sentiment towards the bears, increasing the probability of a pullback.
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Truly Unbiased Cryptocurrency News beincrypto.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.