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.

Source: The Crypto Basic