XRP Stuck Below Key EMA Level as Crypto Market Pulls Back

XRP has closed its weekly price at $1.51575, slightly above $1.50 but below its 50-week exponential moving average (EMA) at $1.51967.

This follows analyst ChartNerd's weekend prediction that XRP would trade within the range of $1.50 to $1.60, which it did over the weekend before closing below the EMA.

ChartNerd is now watching to see if buyers can push the price higher this week and reclaim the $1.50 level and 50-week EMA.

XRP has fallen along with the wider crypto market, led by Bitcoin's decline from $85,126 to $82,722 over the past day.