- “$XRP price tests 21-month EMA, crucial for determining next price move.”
- “XRP whales remain active despite short-term price decline, supporting market.”
- “$XRP forms bullish pattern, testing support at $2.02–$2.03 for future rise.”
XRP’s price is testing a crucial level of support: the 21-month exponential moving average (EMA). This pattern mirrors the market action in December 2017 when $XRP bounced off this same level and surged to its all-time highs by January 2018.
Currently, $XRP’s price hovers above the 21m EMA, with many observing whether the trendline will hold. If it does, a rally to a new all-time high by January 2026 could follow.
The Importance of the 21m EMA Test for $XRP’s Future
Analyst JD analysis shows the 21-month EMA has become a key support level for $XRP, and traders are watching closely to see if it will hold. If the price successfully bounces off this level, many believe it could lead to a rally similar to the one seen in 2017.
In that scenario, $XRP saw a rapid rise that pushed its price to all-time highs. Should this pattern repeat itself, $XRP could see substantial growth in the coming months.
While a bullish scenario seems likely if the trendline holds, analysts also caution about the possibility of a “rug pull” or unexpected price drop. Such volatility is not uncommon in the cryptocurrency market, and any failure to maintain support at the 21m EMA could lead to a sharp downturn.
Short-Term Price Action and Whale Activity
Over the past 24 hours, $XRP has formed a strong bullish pattern. Despite the short-term decline, buyers have managed to push the price off weekend lows, maintaining a gradually rising structure.
Importantly, the market has seen multiple extended Wave 5 pushes during rallies, indicating strength rather than exhaustion.
The $2.02–$2.03 price range has repeatedly held as support, establishing a clear invalidation level for short-term bulls. As long as $XRP remains above this level, the market’s momentum is biased to the upside.
Data analyst CW suggests that while $XRP is nearing its lowest price of the year, whale activity remains strong, with large holders continuing to trade the coin actively despite the price decline.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
