Peter Smith
⬤ XRP is sitting right on top of a critical technical level, trading in the $1.86 to $1.91 range where long-term support meets its rising 100-week exponential moving average. This is the first time the token has come back down to test this EMA since it broke higher back in November 2024. The price has been drifting lower from earlier peaks, and now it's at a spot that could determine where things go next.
⬤ Looking at recent action, XRP has been making lower highs after trading above $3.00 not too long ago. But here's the thing—it hasn't actually broken below that multi-month support zone yet. The price is basically hugging this level, which has acted as a floor several times before. The 100-week EMA is climbing up to meet it around $1.86, making this area even more important from a technical standpoint.
⬤ What makes this moment interesting is that XRP hasn't revisited the 100-week EMA since last year's breakout, so this retest carries some weight. Right now, the price is holding just above the support band rather than crashing through it. Whether XRP can close above this multi-month support line on a weekly basis will likely tell us if the 100-week EMA is turning into solid support or if there's more downside ahead.
⬤ These long-term weekly levels tend to influence which way the trend goes and how volatile things might get. If XRP defends this support zone successfully, it could stabilize after the recent slide. But if it breaks down, we're probably looking at more losses. With everyone watching these weekly closes, the next few candlesticks could shift sentiment across the whole crypto market pretty quickly.
Peter Smith
