Crypto
XRP Correction: Bulls Face Uncertainty as Momentum Stalls
XRP is currently experiencing a short, sharp correction after failing to hold at $1.44, with momentum stalling and bulls facing uncertainty.
Despite the bearish signals in the short-term chart, XRP's longer-horizon averages remain above price, indicating that the structure of the chart is not broken.
The immediate support level at $1.35 is reinforced by the EMA-12, making it a potential long setup if price holds there with an uptick in buy flow.
On the other hand, if XRP closes below $1.32, it could trigger liquidations and accelerate the move down to $1.22 (SMA-20).