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#Weekend Market Analysis
#Crypto Market Pullback
#Trading Strategy Sharing
XRP recovery holds above the 200-day exponential moving average
The XRP Ripple token showed a similar recovery on Friday, as did Bitcoin and Ethereum, in an attempt to overcome last night's decline. XRP, which is settling above the 200-day exponential moving average, near the psychological support level of $2, is looking to regain the $2.13 level it lost.
Momentum indicators for XRP reflect those of Bitcoin and Ethereum, indicating a loss of upward momentum as the gains made earlier this week are being exhausted.
A daily close above the $2.13 level may lead to testing the converging 50-day and 100-day exponential moving averages near the $2.25 level.
If the price of XRP drops below the 200-day exponential moving average, the bearish trend may extend to the support level of $1.79, which is the lowest closing price in April.