XRP price today is trading at $3.02, down 1.2 percent on the day after losing the $3.10 level. The token is moving inside a tightening symmetrical triangle, where short-term price action is being squeezed between converging support and resistance. The 20-day EMA at $3.10 is acting as immediate resistance, while the 50-day EMA at $2.94 has become the first key support level.
The daily chart shows that XRP is consolidating after its rise above $3.60 in July. The price is now close to the 0.382 Fibonacci retracement level of $3.08, which is still a pivot point for intraday sentiment. If buyers can’t protect $2.94, the next level down is $2.72, which is in line with the 100-day EMA and a previous accumulation base. If the weakness lasts longer, it could expose the $2.45–$2.50 area, whe…
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