XRP Risks Return to $1 if Weekly EMA Support Breaks
- —XRP trades around $1.32 after slipping to the lower end of its range
- —The 20-week EMA sits at $1.29-$1.34 and holds the weekly structure together
- —The 50-week EMA at $1.52 has acted as resistance since the move toward $1.70
- —A breakdown would put the $1 level back in focus, about 25% below current prices
Why it matters: Losing the 20-week EMA on a weekly close would weaken XRP's structure and bring the $1 support back into play, pressuring holders.
Source: Cryptonews.net