XRP is currently testing a key resistance level, with the latest price action unfolding just beneath the 50-week exponential moving average (EMA) at $1.54. This level has caught the attention of technical analyst ChartNerd, who marks it as a pivotal barrier for the cryptocurrency as the weekly close draws near.
XRP stalls below $1.54 resistance as weekly close approaches
The significance of the 50-week EMA
The 50-week EMA is widely followed by traders as a trend indicator, with price action above or below this line often interpreted as a shift in market direction. ChartNerd’s analysis, which spans from November 2024 to August 2026, highlights that XRP previously reached a peak at $3.65 in mid-2025 before entering a prolonged period of decline.
The chart indicates that XRP recently rebounded from lows near $1, rallying up to the $1.54 resistance before stalling at this crucial point.
Previous attempt and warning signs
A similar setup played out in January 2026. During that period, XRP managed to push above the 50-week EMA but failed to close above it by week’s end. Another unsuccessful attempt followed the next week, leading to a substantial drop and a flash crash in February. The subsequent downtrend extended for several months.
ChartNerd flagged early warning signals on August 23, cautioning that failure to close above the 50-week EMA would likely trigger a broader retracement, indicating that XRP was not out of danger. The forecast was realized as the asset resumed its downward trajectory, with broader market factors influencing the movement.
ChartNerd identified $1.54 as a critical resistance, emphasizing that another weekly close below the 50-week EMA could set off a deeper retracement for XRP. The analyst pointed to January’s rejection, adding that only a clean break and sustained move above $1.54 would invalidate the bearish outlook.
Mini dictionary: Exponential Moving Average (EMA): A technical indicator that gives more weight to recent price data, making it more responsive to new information than a simple moving average.
What analysts are watching now
ChartNerd maintains that $1.54 remains the make-or-break level for XRP. The analyst warns that if the current weekly candle closes below the 50-week EMA for a second consecutive time, it would mirror the January pattern and likely lead to further declines. The “invalidation” point for this scenario is a definitive weekly close above $1.54, backed by sustained follow-through buying.
At the time the chart was published, XRP was trading at $1.4012, placing it below the pivotal EMA level. Last week, XRP traded as high as $1.68 before losing momentum and closing below the resistance. Traders are now monitoring the weekly close, as it is seen as a significant indicator of the next potential major move for the digital asset.
| XRP Price | $1.4012 | $1.54 (50-week EMA) | $1.68 (intraweek), $3.65 (mid-2025 peak) |
Importance of the weekly close
Traders place significant emphasis on weekly closes, as they are considered more meaningful than brief intraweek price spikes. A close above $1.54 would indicate a possible shift in momentum in favor of bullish sentiment. Conversely, a second consecutive close below this level is viewed by analysts as confirmation of a bearish technical structure, with historical precedent suggesting potential for further downside movement.
If XRP closes above the 50-week EMA at $1.54, momentum could favor bulls. Otherwise, another close below this threshold may reinforce the risk of a continued downturn.
Many market watchers now await the week’s final print to determine whether XRP can escape its current resistance and establish a new trajectory, or if history will repeat with another move lower.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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