XRP Breaks Below EMA Ribbon Support for First Time Since 2024

Crypto analyst StephIsCrypto has drawn attention to a significant technical development in XRP’s price action. According to their chart, XRP trading on the 3-day timeframe now sits below its usual EMA ribbon support for the first time since 2024. The ribbons, which act as visual representation of multiple moving averages layered together, have historically been crucial points of support and resistance for the asset’s price. The current breach suggests a potential shift in momentum.