After echoing the market-wide revival, XRP’s break above the $0.34-level helped the buyers test the immediate supply zone in the last week. Meanwhile, the buyers struggled to breach the obstruction of the 50 EMA (cyan) in the daily chart. Owing to the previous breakout, the buyers would now aim to uphold the $0.344-level. A close […]
After echoing the market-wide revival, XRP’s break above the $0.34-level helped the buyers test the immediate supply zone in the last week. Meanwhile, the buyers struggled to breach the obstruction of the 50 EMA in the daily chart.
Over the last few weeks, XRP saw a double-bottom structure that aided the buyers in propelling a retest of the 50 EMA. Also, with the 61.8% Fibonacci level restricting the buying power, XRP has struggled to swap above the EMAs.
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