$BTC

When XRP tests its 200-day Exponential Moving Average, a crucial long-term support level that has continuously served as a base for reversals throughout the history of the asset, it is at a pivotal point. Pressure is mounting, and a large downward spiral could be triggered if this line is not maintained.

A solid intraday rebound from the 200 EMA indicates that buyers are still defending this level, as XRP is currently trading near $2.16. But the possibility of a breakout is very real. The next likely support zone, which is dangerously lower and around the $1 mark, would essentially cut XRP's value in half from its recent highs if the asset decisively loses this support.