#XRP bulls eye 50-day EMA reclaim

XRP slipped 6.56% on Tuesday, breaking below the rising trendline, 50-day EMA ($2.93), and the $3.00 psychological level. At press time Wednesday, XRP is up 1%+ as bulls aim to retake the 50-day EMA.

🔹 A move above $2.93 could open the way to the 38.2% Fib retracement at $2.99 (drawn from $1.90 → $3.66).

🔹 RSI at 42 stays weak below midpoint, reflecting limited buying pressure.

🔹 MACD drifts near the zero line, showing growing bearish momentum.

📉 On the downside, support sits at the 50% Fib retracement at $2.78.

📊 XRP/USDT daily chart