Technical indicators have started to flash warnings of a possible volatility spike, which means that XRP is currently treading on the edge. Although the asset has recovered to the $2 mark and displayed some bullish impulses, it is still unable to overcome the crucial 100 EMA level, which is currently a formidable resistance barrier. When we take into account the approaching crossover between the 50 EMA and 100 EMA, the situation becomes even more unstable.
Even though it is not as well known as the 200 EMA-based death cross, this shorter-term crossover frequently portends more volatility on the charts. In the past, a downward 50/100 EMA cross has caused sudden changes in momentum, which occasionally led to steep price drops. If the cross is validated in the upcoming sessions,…
