Peter Smith
⬤ XRP is hanging around a crucial long-term technical marker as December wraps up. The token is sitting just above its 20-month exponential moving average at roughly $1.93. Looking at historical charts, this moving average has repeatedly played a major role across different market cycles, acting as a reliable support zone that traders watch closely.
⬤ After rallying hard earlier this year, XRP has been consolidating and pulled back toward this $1.93 EMA level. History shows this moving average typically holds as support during bullish periods, while monthly closes underneath it have lined up with deeper corrections. Right now, XRP staying slightly above this line suggests the price is stabilizing rather than continuing to slide.
⬤ What really matters here is where XRP closes December, not the day-to-day swings. A monthly close above $1.93 would signal that selling pressure is fading and the recent dip might be over. But if XRP closes December below this level, it would point to ongoing weakness and potentially more downside ahead. Past data backs this up—whenever XRP failed to hold this EMA on monthly closes, extended declines followed.
⬤ This matters for the broader crypto market because XRP is one of the most liquid and watched digital assets out there. These long-term technical levels shape how traders and investors view momentum and risk. How XRP finishes December relative to this $1.93 mark could influence overall market sentiment heading into the new year.
Peter Smith
