XRP Repeats 2022 Pattern After Rejection at 50-Week EMA
- —XRP trades near $1.40, down 3.4% in 24 hours and 6.12% on the week
- —It has dropped about 8% since trading at $1.5222 two days ago
- —Analyst ChartNerd sees a setup similar to the 2022 pattern and warns of more downside
- —A move back above the 50-week EMA would restore his $1.80–$2 target
Why it matters: The 50-week EMA remains the key level for XRP: reclaiming it could confirm a reversal, while a sustained break below would extend the decline.
Source: Cryptonews.net