XRP’s price is currently supported by the 21-day and 33-day SMAs, aiding in maintaining upward momentum amidst market fluctuations.
Concerns arise as over 70% of XRP’s total value originates from holders who purchased between late 2024 and early 2025, indicating potential market volatility.
XRP is facing price struggles within a falling wedge pattern, with a possible 25% drop looming towards the 50-week EMA at $1.76.
Despite recent positive trends, analysis suggests a price decline might be imminent for XRP, emphasizing the importance of monitoring key support levels.