XRP Weekly Close Above $2.25 Could Be the Game Changer – Analyst
- XRP is trading above $2.10 and the 21-week EMA.
- A close above $2.25 may confirm the bottom set on April 7.
- XRP’s failure to meet key levels could lead to renewed selling pressure.
XRP is trading above $2.10 and its 21-week exponential moving average (EMA), levels closely watched by traders.
But according to analyst Egrag Crypto, a weekly close above $2.25 may confirm a reversal from the April 7 low. If these conditions are not met, XRP may face renewed bearish volatility.
XRP Holds Key Support, But What Level Confirms a Bottom?
XRP is trading at $2.17, a 1.8% rise in the past day. The token has risen by 16.2% in the past week, reclaiming its 21-week EMA. This level has acted as resistance in recent months, making its reclaim a significant technical development.
Related: April 15 XRP Forecast: Analysis Focuses on $2.10 Support Holding Firm
Egrag’s analysis highlights this progress but stresses only a full-body weekly candle close above $2.10, the 21-week EMA, and especially $2.25 provides strong confirmation that the dip to $1.64 on April 7 marked the cycle bottom. Securing that close suggests XRP may avoid revisiting those lows any time soon.
…The post XRP Weekly Close Above $2.25 Could Be the Game Changer – Analyst appeared first on Coin Edition.
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XRP Weekly Close Above $2.25 Could Be the Game Changer – Analyst
- XRP is trading above $2.10 and the 21-week EMA.
- A close above $2.25 may confirm the bottom set on April 7.
- XRP’s failure to meet key levels could lead to renewed selling pressure.
XRP is trading above $2.10 and its 21-week exponential moving average (EMA), levels closely watched by traders.
But according to analyst Egrag Crypto, a weekly close above $2.25 may confirm a reversal from the April 7 low. If these conditions are not met, XRP may face renewed bearish volatility.
XRP Holds Key Support, But What Level Confirms a Bottom?
XRP is trading at $2.17, a 1.8% rise in the past day. The token has risen by 16.2% in the past week, reclaiming its 21-week EMA. This level has acted as resistance in recent months, making its reclaim a significant technical development.
Related: April 15 XRP Forecast: Analysis Focuses on $2.10 Support Holding Firm
Egrag’s analysis highlights this progress but stresses only a full-body weekly candle close above $2.10, the 21-week EMA, and especially $2.25 provides strong confirmation that the dip to $1.64 on April 7 marked the cycle bottom. Securing that close suggests XRP may avoid revisiting those lows any time soon.
…The post XRP Weekly Close Above $2.25 Could Be the Game Changer – Analyst appeared first on Coin Edition.
Read More