After the Nov 2024 breakout, $XRP is now retesting the monthly 50 EMA around $1.30 as key support.
Some downside wicks in February wouldn’t be unusual, but a monthly close below the 50 EMA would be a clear bearish signal.
A confirmed loss of structure would likely open the door to a move back toward the 5-year ascending support trendline.
This level is pivotal, momentum hangs in the balance.