XRP Price Analysis: Moving Averages Reveal Key Support Levels

Egrag Crypto highlights the importance of moving averages in shaping XRP’s price action. Their latest update emphasizes the 21-period Simple Moving Average (SMA) as a key support level, with the yellow SMA currently positioned just beneath the current market price of $2.2962. This consistent support is attributed to active buyer defense. Additionally, the proximity of this SMA to the 0.702 Fibonacci level ($2.2293) further strengthens its importance as a technical support zone.