XRP Tests 200-Day SMA as 2023 Bounce Maps $3.20 Scenario
- —XRP trades near $1.31 versus a 200-day SMA around $1.37, roughly 4% below the average
- —In 2023, a bounce from the 200-day SMA near $0.40 preceded a 134.5% rally to $0.938
- —Applying the same move from $1.3665 implies a target near $3.20, about 145% above the current price
- —The $3.20 scenario would still sit below XRP's 2025 peak near $3.66
Why it matters: Holding the 200-day SMA would restore a long-term floor for buyers; losing it turns the average into resistance and raises downside risk.
Source: Cryptonews.net