XRP Stuck Below Critical 20-Month EMA, ChartNerd's Warning Still Unanswered

XRP continues to trade below its monthly 20-month EMA, which was highlighted by ChartNerd as a critical level in January. The 20-month EMA currently sits near $1.54, while XRP trades near $1.04.

This reflects the scale of XRP's decline since the start of the year, with a 45.79% drop from the highlighted area near the EMA to the current price region.

XRP failed to secure a monthly close above its 20-month EMA in January, which had historically signalled further declines after macro uptrends. The asset's price subsequently moved lower, leaving the 20-month EMA above the market.