XRP is an asset to keep an eye on as the crypto market prepares for a potential rally. It is currently positioned beneath the important 200-day exponential moving average (EMA), yet could trigger a bullish trend if its price breaks above this key level of resistance. Meanwhile, its continuous low volatility could be hinting at an imminent decisive move. Furthermore, data from Glassnode suggests that the market is seeing increased capital inflows, which could provide enough liquidity and buying momentum for a breakout. In light of these conditions, XRP may be an asset to pay close attention to in the upcoming week.
Benjamin Anderson
- 2023-05-14
Is XRP an Asset to Pay Close Attention To?
XRP is currently positioned beneath the 200-day exponential moving average (EMA), however, if its price breaks above this resistance level, it could trigger a bullish trend. Low volatility, increased capital inflows, and other factors may make XRP an asset to pay close attention to in the upcoming week.
