CandleFocus

As XRP Hits Key Level, Here Are 3 Continuation Scenarios

Author: Content Editor
XRP has found support around the 26 EMA, which could potentially signal a reversal or further downside if it fails. Transaction volume and active accounts have decreased, indicating reduced network activity and retail participation. Fees burned have stabilized with reduced transactional activity. If XRP holds above the 26 EMA, it could lead to renewed buying interest and a potential rally to $2.40 and beyond, fueled by increased transaction volume, active accounts, and payment volume. However, a close below the 26 EMA could trigger a drop to $2.00 and declining network activity may erode market confidence. XRP's performance depends on maintaining the 26 EMA and seeing a recovery in on-chain activity. The next key levels to watch are $2.40 and $2.00.

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