XRP falls by -1.95% in the last hours
Critical zone at $2.17 as dynamic resistance
RSI weakens and volume loses strength
XRP (Ripple) experiences a correction after reaching local highs near $2.36. In the 4-hour timeframe, the price has lost bullish traction and is trading around $2.19, slightly below its dynamic support at the 50-period exponential moving average (EMA50).
Key technical levels
Currently, the price of XRP has broken below the EMA50 (green) and is approaching the range of the 100 and 200-period EMAs, located around $2.17 and $2.18 respectively. This area could act as immediate technical support. A clear loss of these levels would open the door to a greater retracement towards the horizontal support located at $2.04, a level that previously served as a base for accumulation during the month of April.
