XRP Risks Losing Weekly 200 EMA as Price Falls to $1.29

XRP is showing weakness as its price slips below the weekly 200-day exponential moving average (EMA), a technical level that could signal the next move. In a post on X, analyst Gerla warned that XRP’s technical outlook was deteriorating as the latest weekly candle moved below the 200 EMA. The analyst highlighted the development as a concerning signal for the token. “XRP doesn’t look good here,” Gerla wrote, noting that the coin was sitting directly on the weekly 200 EMA before the latest decline. The weekly XRP/USDT chart on Binance shows the token trading below its 200 EMA, which currently stands at approximately $1.377. XRP is trading around $1.29, putting it roughly 6% below the indicator.

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