XRP At Critical Juncture As Price Restests 21 EMA

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	42,819,718,055	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

42,819,718,055

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.01303	-4.23%	0.29503	0.29503	0.29504

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.01303

-4.23%

0.29503

0.29504

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.31481	0.28842	0.30747	0.30809	0.077290 - 0.484640

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.31481

0.28842

0.30747

0.30809

0.077290 - 0.484640

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:52:15	65.80	0.29503	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:52:15

65.80

0.29503

USD

Price x Volume	Volume	Base Symbol	Related Pairs
91,010,863.94	303,042,461.76	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

91,010,863.94

303,042,461.76

XRP At Critical Juncture As Price Restests 21 EMA – Details

02/02/2025 10:30am

NEWSBTC

The XRP market experienced a downbeat end to January translating into a 7.05% loss over the past seven days. In regards to future price movements, popular analyst Egrag Crypto states the altcoin is currently at a key crossroads with an equal chance to move in either a positive or negative direction. Related Reading: Dogecoin Whales Go Ham As They Buy 560 Million DOGE In One Week XRP Set For Price Breakout, But How High Can It Go? In an X post on February 1, Egrag Crypto explains that XRP’s recent slump has resulted in the asset retesting two crucial levels namely the 21 EMA and and the lowest boundary of a symmetric triangle. The exponential moving average (EMA) is a technical indicator that smoothens out price data over a period of days (i.e. 21 in this case) while giving more weight to recent prices. It is commonly used in trend confirmation with a price dip below the EMA line indicating a bearish trend and vice versa for a bullish trend. On the other hand, a symmetric triangle formed by price movement signals a period of consolidation before a decisive price breakout. With the price of XRP simultaneously hovering near the 21 EMA line and the lower boundary of the symmetric triangle around $2.93, the altcoin presents a rather delicate situation to traders and investors alike. According to Egrag Crypto, further declines for XRP are possible. However, prices are unlikely to fall below $2.83 ( the ascending purple line) which has served as a strong support zone based on historical data. However, based on the sole analysis of the symmetrical triangle, a break below the lower boundary could force XRP to trade as low as $2.40. Alternatively, should XRP break above the upper boundary of the triangle, it could immediately rally to $4. Egrag Crypto warns that both breakout possibilities are equally weighted. Therefore, the XRP market is subject to high levels of volatility over the coming days. Related Reading: Avalanche Forms A Falling Wedge On The Daily Chart – Breakout Target Set At $56 Whales Offload 70 Million XRP In 4 Days In other news, crypto expert Ali Martinez reports that XRP whales are currently on a selling spree having offloaded 70 million XRP, valued at $204.4 million, over the past day. High selling activity especially from whales is a bearish signal that signals uncertainty about the future profitability of an asset. Alternatively, certain long-term holders may be looking to take profit. However, XRP retail investors may expect more price drops in the short term, barring the introduction of significant buying pressure. At press time, XRP trades at $2.93 reflecting a 3.10% decline in the past day. Meanwhile, the asset trading volume is down by 12.60% and valued at $4.06 billion. Featured image from iStock, chart from Tradingview

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DOGEUSD Dogecoin