XRP Faces Make-or-Break Moment at 50-Week EMA

Crypto analyst ChartNerd has made a bullish call on XRP's price action. According to the analyst, if XRP can clear its 50-week Exponential Moving Average (EMA), it could rally to $1.80-$1.90.

This resistance level has been a hurdle for the token, which has failed to break through it for six weeks. ChartNerd warned that a rejection at this point could trigger a deeper pullback, highlighting downside risk for XRP.

The analyst based their prediction on technical analysis and a breakout target, citing the potential for a significant price increase if the resistance level is cleared.