XRP Risks Return to $1 if Weekly EMA Support Breaks

XRP is testing its 20-week EMA near $1.29-$1.34, with a sustained weekly breakdown potentially reopening the path toward the $1 support region. XRP is trading dangerously close to its 20-week exponential moving average, a level that has become the main support holding the weekly structure together. A sustained weekly close below that moving average would weaken the current setup and reopen the path toward the psychological $1 region. XRP currently trades around $1.32, according to CoinMarketCap, after slipping back toward the lower end of its recent range. The important detail is that the 20-week EMA itself moves with price.

Source: The Crypto Basic