XRP Price Analysis: Key Imminent Resistance for Bulls to Step In

Technical analyst ChartNerd has highlighted a critical moment for XRP, focusing on price action on the daily timeframe. In his latest chart analysis, he emphasizes that the 20-day exponential moving average, currently positioned around $1.92, represents the most immediate resistance level that buyers need to overcome. According to his assessment, this area stands out as the point where bullish participation could begin to strengthen if the price manages to reclaim it. The chart shared by ChartNerd shows XRP trading below the descending 20 EMA, reflecting a short-term downtrend that has persisted through recent sessions. Price has continued to print lower lows, reinforcing the idea that sellers have remained in control. However, he suggests that this structure may be approaching a turning point, provided that the market can challenge and break above the moving average that has capped price advances so far. By highlighting the daily 20 EMA as the key...

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