The price of XRP is currently stuck between the 50 and 100-day moving averages, leading to a tight range in which both bulls and bears are vying for control. The breakthrough above or below these levels will be key in determining the future direction of the asset. Resistance is currently near the 50-day EMA at $2.71, and XRP is trading around $2.50. A break above this level could indicate bullish strength and push the price towards $3.00 and higher. On the downside, the 100-day EMA at $2.30 is serving as crucial support. If XRP fails to maintain this level, selling pressure may increase and drive the price down to $2.00 or even $1.82. XRP needs a significant increase in buying volume to break above $2.71 and establish the 50-day EMA as support. A daily close above this level could attract more buyers and lead to a long-term upward trend. However, if XRP breaks below $2.30 and loses the 100-day EMA, bearish momentum may take over and cause a deeper correction. Traders should exercise caution in this situation as the asset may return to lower support levels before showing signs of recovery. The upcoming weeks will likely determine XRP's direction based on significant price action, so traders should monitor these levels closely.



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