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Ripple(XRP): Potential Breakdown Near 200EMA

Short
XRPUSDT Perpetual Contract (BYBIT:XRPUSDT.P)  
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BYBIT:XRPUSDT.P   XRPUSDT Perpetual Contract
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Ripple coin caught our attention with multiple touches to that 200EMA line, which usually has been acting as a good bounce zone but not right now.

We see a weakness to kick near that zone and also no big volume, which could push the price back up. For now, we are looking for a breakdown!

Swallow Team
Comment:
snapshot
Ripple has had a nice pump-and-dump event near 200EMA, which is not going to cause a breakdown in that same zone. Keep your eyes open, as we might see some sharp moves in the next few days!
Comment:
snapshot
6% of market price movement happened after a nice breakdown of EMAs and a successful re-test as well.
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