On the weekly chart, $XRP remains below the descending trendline and the 8–21 EMA levels. This week, price is attempting to break below the key support zone around $1.95, which aligns with the Fib 0.5 level and the 89-week EMA a support that has held throughout the year. A weekly close below this level could increase the probability of a move toward the $1.60 (Fib 0.618) support.
Conversely, a weekly close above $1.95 may boost buying interest, potentially triggering a relief bounce toward $2.30, followed by $2.70.
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On the weekly chart, $XRP remains below the descending trendline and the 8–21 EMA levels. This week, price is attempting to break below the key support zone around $1.95, which aligns with the Fib 0.5 level and the 89-week EMA a support that has held throughout the year. A weekly close below this level could increase the probability of a move toward the $1.60 (Fib 0.618) support.
Conversely, a weekly close above $1.95 may boost buying interest, potentially triggering a relief bounce toward $2.30, followed by $2.70.