Crypto
XRP's Momentum Fades: Will Support Zone Hold or Fuel Further Decline?
XRP has seen its recent rally fade after reaching a multi-month peak at $1.70 following a 71.8% increase from $0.988.
The token is currently struggling to remain above $1.40, which represents a 20% pullback from last Saturday's top.
According to analyst Ali Martinez, the asset failed to hold above its 50-week exponential moving average at $1.54 after the rejection at $1.70.
The technical structure has weakened, and the token is now testing a major support zone between $1.35 and $1.38, where roughly 3.2 billion XRP were traded.