Technical analysis: XRP tests key support after strong correction: Is a technical rebound approaching?
XRP retraces to $2.30 and positions itself just above the 200-period exponential moving average.
Stay updated on the crypto happenings! 🚀 Follow us on X: @cripto_t
The RSI approaches the oversold zone, suggesting possible selling fatigue in the short term.
On the 4-hour timeframe, XRP has undergone a significant correction from its recent high above $2.60. The price lost the 50 and 100-period moving averages (EMA 50 at $2.353 and EMA 100 near $2.39), and is currently supported by the EMA 200, which acts as the last relevant dynamic support at $2.29 – $2.30.
