From TradingView · · 1m 10s
XRP breaks medium-term support
XRP drops below $1.32 support as 100/50-day EMAs face pressure.
In brief
XRP drops below $1.32 support as 100/50-day EMAs face pressure. XRP has broken medium-term support around $1.32 after failing repeatedly at $1.50 resistance, with increased selling volume and the 100/50-day EMAs now critical for bulls to hold. Originally reported by TradingView.
XRP breaks medium-term support
XRP has broken below the recent medium-term support around $1.32 after repeatedly struggling to build momentum from this area.
Failed resistance at $1.50
Bulls have now failed several times around the $1.50 resistance area, with each attempt attracting sellers.
100/50-day EMAs under pressure
Price has dropped directly into the bullishly crossed 100/50-day EMAs. Both averages are still rising, so this remains an important area for bulls to defend.
Selling volume increases
The latest move lower has been accompanied by increased selling volume. Bulls will want to see that pressure ease quickly if the moving averages are going to provide support.
Momentum weakens
RSI has slipped below the 50 level, while StochRSI remains oversold. A short-term bounce would therefore not be surprising, but buyers still need to show up.
Next support zone
If the 100/50-day EMAs fail to hold, the next meaningful support sits around $1.18, $1.16.
What matters most
XRP has broken medium-term support around $1.32 after failing repeatedly at $1.50 resistance, with increased selling volume and the 100/50-day EMAs now critical for bulls to hold.
