Crypto
Ripple Price at Risk of Further Weakness as Momentum Cools
Ripple's price has been holding above its 50-day and 100-day Exponential Moving Averages (EMAs), but is testing its crucial 200-day EMA support at $1.35.
The altcoin's recent pullback of 10% last week was capped by the 50% retracement level at $1.54, and a confirmed breakout below $1.35 could target the support cluster at the 23.6% Fibonacci retracement and the 50-day and 100-day EMAs near $1.21.
The Moving Average Convergence Divergence (MACD) has slipped slightly below its signal line, while the Relative Strength Index (RSI) remains at 61, indicating constructive buying interest easing from overbought excess.