Expert Says Move is Coming for XRP as It Loses 20-Day EMA Support
A notable analyst insists that XRP could be set for a definitive move after the asset lost major support on the daily timeframe.XRP continued its patchy run yesterday, shedding 6% to close at $2.1537. However, the XRPL native token has rebounded slightly today, taking its weekly change to a positive 3.76%.Amid the market uncertainties, a recent analysis suggests that a precise XRP movement is imminent. Market speculator Dom asserted that there will be a move coming soon.Volatility is SubsidingDom argued that volatility on the XRP chart is subsiding, indicating that the market is becoming more intentional about a specific move. As a result, he asserted that there could be a move coming soon.Meanwhile, he pointed to an indicator that could determine XRPs next move. According to his commentary, XRP has lost a crucial moving average support, raising expectations that it will see lower prices.The analyst noted that XRP remained above the 20-day exponential moving average (EMA) on both the USD and BTC charts throughout last week. However, yesterdays close below the moving average could spell further downside.
Text source: The Crypto Basic
