XRP Price Hinges on 200-Day EMA as Upgrade Looms

XRP is trading around $1.4078, down roughly 1% on the day, as the market decides whether the last two weeks of choppy price action are a consolidation or the start of something worse.

The headline question, whether $2 is next, could depend almost entirely on the 200-day exponential moving average (EMA), currently near $1.27.

XRP's defense of this long-term EMA after a sharp August rally that carried XRP price from the $0.94-$0.97 zone to roughly $1.70 is crucial for bulls.

Another catalyst brewing on the XRP Ledger (XRPL) is its upcoming fixCleanup3_3_0 upgrade, reportedly carrying validator support above 80%, with an activation target near September 11.