Key Insights:
- XRP retests the 50-month EMA at $1.33, a level last broken in November 2024.
- RSI drops to 45.87, entering a zone where past rebounds triggered strong upside in previous cycles.
- A triangle pattern on the 15-min chart signals a possible 11% move based on breakout direction.
XRP is once again testing the 50-month Exponential Moving Average (EMA), currently sitting at $1.33. This is the first time it has approached this level since crossing above it in November 2024.
The previous move above the EMA marked a key shift on the chart. Long-term moving averages like the 50 EMA often act as dynamic support during uptrends. XRP holding this level could suggest that the broader structure remains intact. A clean move below may change that outlook.
The price movement is being watched by traders to see if this level acts as support or turns into resistance. It is a typical place where momentum either resumes or fades.
Macro RSI Enters a Familiar Zone
The monthly Relative Strength Index (RSI) for XRP has now slipped to 45.87, down from 46.90. This zone between 50.00 and 43.66 has been visited in past market corrections.
In several past cycles, RSI levels in this same area were followed by strong upward movements. These were not instant reversals but formed the base of a trend shift. According to EGRAG Crypto, the structure now resembles the end of Wave 2 in a larger cycle. “Still dropping,” the update read, leaving room for further movement before direction is clear.
Source: EGRAG Crypto/XRSI in this range is often seen as a sign that the market is cooling off, but not necessarily breaking down.
15-Minute Chart Shows Triangle Pattern
In the short-term view, XRP is trading inside a descending triangle. This pattern forms when price makes lower highs while holding a flat base, in this case at $1.55.
A breakdown below $1.535 could open the door for a quick drop of about 11%, as estimated by Ali Charts. If price moves above $1.58, the opposite reaction could play out. Price is currently pushing toward the lower edge of the pattern.
This setup tends to resolve quickly once the structure tightens, making it an area of focus for short-term trades.
Price Action and Market Context
XRP was trading at $1.43 after falling over 10% in the last 24 hours. Weekly performance shows a decline of nearly 24%. This pullback has taken price closer to long-term levels, including the monthly EMA.
The next few sessions may confirm whether the $1.33 support holds or if further pressure will follow. Volume and daily close levels will be watched closely. The chart setup offers a technical decision point rather than a clear signal.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Source: https://coincu.com/analysis/xrp-returns-to-1-33-ema-rally-or-rejection/
