Recent market data indicates that Ripple’s price trajectory has been on a downward trend over the past several weeks, raising concerns among stakeholders. Notably, XRP has already lost the support of the 50-day Exponential Moving Average (EMA) and is teetering on the brink of breaching the 100-day EMA as well. This trend suggests a weakening stance for the cryptocurrency, prompting market participants to scrutinize the underlying factors driving this downward momentum.·
For the full story, head over to TheCurrencyAnalytics.com.
