$XRP Defends Key 200-Day EMA as Bulls Eye Resistance at $1.90

The cryptocurrency market has experienced a sluggish start to the week, but $XRP remains in a bullish position. Despite being down by more than 1% in the last 24 hours and trading at $1.40, technical indicators suggest that buyers are still in control.

Data from CoinGlass shows mixed reactions from traders, with the long-to-short ratio remaining above one, indicating more long positions than short. However, Open Interest has declined by 1% in the last 24 hours, and volume is down 8.8%, suggesting reduced exposure to the market.

The 200-day EMA near $1.353 is a crucial indicator for $XRP's underlying long-term uptrend. As long as it holds above this level, the bullish structure should remain intact. Immediate support lies around the recent opening level and the 200-day EMA, while horizontal support at $1.300 would be the next significant demand zone.

A sustained move below the 50-day and 100-day EMAs in the mid-$1.20 range could weaken the wider bullish outlook and expose the psychological support level at $1.000. On the upside, $XRP faces its next major resistance around $1.900, which would confirm renewed bullish strength and potentially reopen the path toward higher highs within the prevailing daily uptrend.