XRP is currently trading at $2.06, holding above the 200-day Exponential Moving Average (EMA) as the 50-day EMA approaches it on the 3-day chart. Traders are watching this interaction closely, with support at $2.03 and resistance at $2.10 setting the short-term trading range. Analysts highlight that unlike previous bearish phases, XRP's price remains above the rising 200 EMA, a pattern reminiscent of 2017 and 2021 when similar EMA compressions occurred.