CandleFocus XRP Loses 200 MA on 4-Hour Chart but Still Eyes Second Highest Monthly Close In 3 Years
2024-12-27
Author: Content Editor
XRP has fallen below a key support level and has the potential for further downside in the short term, according to an indicator. The 200-period moving average on the four-hour chart suggests a continued sell-off. However, XRP is still on track to have its second-highest monthly close in three years as long as it remains above 82 cents. It is currently trading at $2.18 and is unlikely to crash below $1 in the next few days unless driven by a significant external factor. XRP also remains above its 50-day and 200-day moving averages on the daily chart, indicating a long-term uptrend.
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