Coin

<ul class="news-points">
 <li>XRP price declines to 4.06%, with resistance at the 50-day EMA and support at the 50-day SMA.</li>
 <li>Possibility of a bullish spike if XRP closes above the 200-day EMA and breaks beyond the prior high of 55.7 cents.</li>
 <li>The long-term picture shows solid support between 33 and 35 cents, and reasonable price goals are between $5.59 and $11.26.</li>
</ul>
Over the last several days, the price of XRP, a cryptocurrency that investors keep a close eye on, has taken a dip. It is currently finding support at the 50-day Simple Moving Average (SMA), which is around 52.10 cents, according to <a href="https://www.youtube.com/watch?v=ej2IeQF_C3U" target="_blank" rel="noopener noreferrer nofollow">a video analysis</a> by Cheeky Crypto. Determining its short-term trajectory depends critically on this support level.
If this support at the 50-day SMA holds, analysts anticipate a potential upward swing soon. However, XRP faces a significant hurdle in resistance at the 50-day Exponential Moving Average (EMA), situated at 53.40 cents. Clearing this resistance level is essential for any substantial price pump.
If XRP breaks above the 200-day EMA, which is also at 55.70 cents, and surpasses its prior high of 55.70 cents, there will be a notable price rise. This movement would suggest a positive trend and m…
The post <a href="https://coinedition.com/xrps-price-action-explained-what-technical-indicators-say-about-the-cryptos-next-move/" rel="noopener noreferrer nofollow">XRP’s Price Action Explained: What Technical Indicators Say About the Crypto’s Next Move</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP’s Price Action Explained: What Technical Indicators Say About the Crypto’s Next Move

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