XRP Holds Above 200-Day EMA as Buying Interest Remains Firm

XRP has maintained its technical support above the 200-day exponential moving average (EMA) despite a recent pullback, according to analysis from Bitget. The token's price slipped more than 1% in the past 24 hours and currently trades at $1.40.

The overall bullish outlook remains intact, with technical signals indicating strong buying interest in XRP. The long-to-short ratio for XRP futures on CoinGlass remains above one, showing that long positions continue to outpace shorts in the derivatives market.

However, traders remain cautious ahead of major US economic events, such as the upcoming Consumer Price Index (CPI) release on Wednesday, which may provide greater clarity on inflation trends. As a result, XRP's price is expected to consolidate within a wide range between support at $1.353 and resistance at $1.900.