XRP has entered a difficult position after falling below all four of its major exponential moving averages (EMAs) on the daily chart. At the time of writing, the token trades at $1.0863, below the 20-day, 50-day, 100-day, and 200-day EMAs. This situation has formed what traders commonly call an EMA waterfall, a pattern that shows sellers have gained control across both the short and long term.