XRP Stumbles Upon This Resistance, But Reversal Could Be Around Corner

XRP breached important resistance level, but reversal is not yet possible

As the crypto market is slowly recovering, XRP has recently hit a snag at a notable resistance level, sparking discussions among traders and analysts alike. The latest chart indicates that XRP is grappling with downward momentum, potentially poised for a reversal.

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XRP’s trajectory has brought it close to the 100-day exponential moving average (EMA), a significant support that traders often monitor. This technical indicator serves as a barometer for the asset's medium-term trend, and landing on it could suggest a pivotal moment for XRP’s next move. While approaching this crucial support, XRP has fallen below a critical threshold that previously bolstered its price, hinting at the market's uncertainty.

Read more on U.Today https://u.today/xrp-stumbles-upon-this-resistance-but-reversal-could-be-around-corner