XRP’s Fate Hinge On Support Level, Shiba Inu Plunges Again

Recent analysis suggests that XRP’s trajectory is at a crucial crossroads. The asset is poised to test its 200-day Exponential Moving Average (EMA), a key support level historically used for reversals. While the recent intraday bounce from this line indicates buyers are defending it, a breakdown could trigger a significant downward spiral if the crucial support isn’t maintained. XRP currently trades near $2.16. This is its final chance before potentially plunging into bearish territory.