XRP Eyes $1.80 to $1.90 If It Clears 50-Week EMA: Analyst

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Crypto analyst ChartNerd believes XRP could reach $1.80 to $1.90 if it clears the 50-week exponential moving average, currently around $1.52, a level the asset has failed to break for six weeks. XRP was trading near $1.47, down 3.5% in 24 hours, with trading volume rising more than 20% to approximately $3.23 billion. The asset remains nearly 60% below its $3.65 all-time high. Meanwhile, XRP exchange-traded funds attracted $75.89 million in net inflows last week, extending their streak of weekly inflows to 11 weeks with cumulative inflows reaching about $1.79 billion. The analyst warned that a rejection at the $1.50 to $1.52 resistance zone could trigger a deeper pullback first.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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