XRP’s recovery holds above the 200-day EMA
Ripple’s XRP token shows a similar recovery on Friday as Bitcoin and Ethereum in attempts to shrug off last night’s drop. Holding above the 200-day EMA near the $2 psychological support, XRP eyes to reclaim the lost $2.13 level.
The momentum indicators in XRP mirror those of Bitcoin and Ethereum, signaling a loss of bullish momentum as the gains made earlier this week deplete.
A daily close above $2.13 could test the converging 50-day and 100-day EMAs near $2.25.
