XRP falls below $1.20, analysts warn of deeper drop if $1.16 support breaks

XRP came under renewed selling pressure at the end of the week as investors kept a close eye on the outlook for cryptocurrency and artificial intelligence regulation after the Democratic Party secured control of both chambers of the US Congress. Market participants are increasingly concerned that heightened regulatory scrutiny could affect the broader digital asset sector. This unease has dampened investor confidence, limiting recovery attempts not only in XRP but also in other leading cryptocurrencies. Technical selling grew after XRP closed below its 200-day Exponential Moving Average (EMA), an indicator widely seen by traders as showing the direction of the long-term trend. This move signaled that bears have gained the upper hand and that a further decline appears increasingly likely unless buyers manage to reclaim the 200-day EMA.

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