XRP Is Repeating 2022 Pattern After Rejection at 50-Week EMA
Photo: The Crypto Basic
XRP has fallen below its 50-week exponential moving average (EMA), raising concerns that it is forming a lower price base similar to the pattern seen in 2022. Analyst ChartNerd said XRP’s recent drop came after it failed to break back above $1.52, a level he previously identified as important. He warned that XRP will continue falling in the coming months. ChartNerd said XRP has been rejected at the 50-week EMA. However, he believes the outlook will improve if XRP moves back above that level.
Source: The Crypto Basic
