XRP Tests 200 EMA Breakout As Descending Channel Support Holds

XRP is testing a crucial breakout above the 200 EMA while maintaining support at the base of a descending channel. A weekly close above $1.55 could trigger bullish momentum toward $2.20, while failure may lead to a decline toward $1.26 or lower to the $0.85-$0.95 range.

• →XRP is pushing against the 200 EMA resistance while holding descending channel support.
• →A weekly close above $1.55 is required to confirm bullish momentum and shift market sentiment.
• →Bullish targets include $1.80, $2.35, $2.70, with macro targets at $3.10 and $3.55 if momentum continues.
• →Rejection below $1.55 could trigger a liquidity sweep toward $1.26 with further downside risk to $0.85-$0.95.
• →The descending channel support has historically acted as a springboard for price recoveries.