- XRP hovers near its 50-day EMA (~$2.96); holding above could sustain the uptrend.
- Weakening volume, RSI below 50, and reduced momentum suggest fading bullish strength.
- Next two days may decide direction, rebound toward $3.10–$3.20 or deeper correction if support fails.
As XRP nears its 50-day Exponential Moving Average (EMA) at approximately $2.96, the next two daily candlesticks may prove pivotal. A hold above this level could reinforce the token’s midterm uptrend, while a breakdown might accelerate a sharper correction.
Weakening Momentum Signals Bearish Lean
In previous rallies, the 50-day EMA served as a sturdy base. However, current price behavior and tapering volume suggest that those foundations may be eroding. Should XRP slide below this zone, it would likely face immediate pressure, with the 100-day EMA, estimated between $2.70 and $2.78, sliding into view as the next defense.
The retreat in trading activity raises concerns, as low liquidity enables abrupt downward moves in response to sell-side pressure. Momentum-derived metrics also tilt toward bearishness.
The Relative Strength Index (RSI) has dipped below 50, an early signal that bullish control is fading. Without renewed buying interest, RSI may continue its descent, potentially accelerating the downtrend.
Also Read: Mysterious 200,000,000 XRP From Ripple Amid Key SEC Update – What’s Going On?
Source: Tradingview
A Two-Day Window to Decide Direction
Analysts observe that markets often resolve such inflection points within two to three daily bars. Should XRP break decisively below the 50-day EMA over this span, it could validate a slide toward lower support levels.
Conversely, a rebound off this threshold would point to renewed strength, potentially driving price back into the $3.10–$3.20 zone, an area investors would regard as confirmation of renewed upward momentum.
Broader Sentiment and Technical Context
Market watchers remain divided. Some bullish analysts maintain that as long as XRP holds above the 50-day EMA, the uptrend remains intact. A sustained close above $3.25 might signal the end of a corrective phase and open the path to new highs, possibly between the $5 to $5.50 range, according to certain Elliott Wave projections. These views are bolstered by on-chain dynamics, including a rise in wallet addresses, strong active user numbers, and continued whale accumulation.
XRP holders now face a critical juncture: either defend that 50-day EMA promptly or risk losing control of momentum, triggering broader retracement. The next 48 hours will not just test investor patience but could also set the stage for the token’s midterm trajectory, either a renewed climb or a steeper slide.
Also Read: Trending: Pundit Connects BlackRock to New SEC Decision on XRP ETFs
