XRP Faces Key Resistance Zone
XRP's recent climb from the $0.98 level has sparked debate among traders about whether it has formed a long-term bottom.
Crypto analyst ChartNerd warns that technical confirmations remain insufficient for a definitive trend reversal, citing XRP's struggle with major resistance levels.
The monthly 20 exponential moving average (EMA) and weekly 50 EMA are key indicators in the current market outlook, according to ChartNerd. He notes that XRP recently tested the monthly 20 EMA for the first time since it fell below the average in January 2026.
ChartNerd points out that similar tests of the monthly 20 EMA have occurred after previous price corrections, but these moves did not always result in sustained recoveries. He references past market cycles, including XRP's peak in 2013 and the 2018 cycle, where the asset gained nearly 100% and 211%, respectively, before declining.
The analyst is focusing on the $1.53 to $1.55 region, where both the monthly 20 EMA and weekly 50 EMA converge. He suggests that this confluence acts as a critical test for the next direction of the asset.