$XRP
XRP price found support around the 50-day EMA at $2.06 last week and hovered around this zone throughout Monday. On Tuesday, XRP rose by more than 5% but then declined over the next two days, erasing those gains. As of Friday, XRP is hovering around the 50-day EMA at $2.06.
If the 50-day EMA continues to hold as support, XRP could extend the surge toward the daily resistance level at $2.35.
The RSI on the daily chart is flattening around the neutral 50 level, indicating indecision among traders, while the MACD lines are converging, further supporting an indecisive outlook.
However, if XRP fails to find support around the 50-day EMA at $2.06, it could extend the decline toward the daily support at $1.96.
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