XRP closes week below 50-week EMA as traders watch $1.50
XRP ended the week at $1.51575, under its 50-week EMA near $1.51967, and analyst ChartNerd is watching whether buyers reclaim $1.50.
Key takeaways
- Six weeks below. XRP has now closed below its 50-week EMA for six straight weeks, with support at $1.31.
- ETF flows differ. XRP ETFs drew $75.89 million last week, an 11-week inflow streak totaling about $1.79 billion.
- Two key levels. ChartNerd sees $1.80 to $1.90 above the EMA and $1.30 below it.
What happened
XRP ended the week at $1.51575, holding above $1.50 while staying under its 50-week exponential moving average, which sat around $1.51967. The close came after the token traded inside the $1.50 to $1.60 range that analyst ChartNerd had predicted for the weekend.
ChartNerd said the sideways move matched his call for XRP to trade near $1.55 after briefly touching $1.63. He expected the coin to stay between $1.50 and $1.60 because trading volume was falling and funding rates were neutral.
The token later fell below $1.50. CoinMarketCap data showed XRP at $1.47, down 2.7% over 24 hours but up 3.07% over the week. Bitcoin dropped 1.64% to $82,722, pressuring other cryptocurrencies including XRP.
Why it matters
The weekly close keeps XRP under a level it has failed to clear for six straight weeks, a sign that sellers are defending the 50-week EMA. ChartNerd said buyers have support near $1.31, where the 20-week EMA sits.
In a September 28 video, ChartNerd said a sustained close above the 50-week EMA, around $1.52, and the monthly Gaussian Channel's upper band near $1.50 could put $1.80 and $1.90 in reach. A rejection could instead bring a deeper pullback, and he warned XRP could drop toward $1.30.
ETF flows offer a different picture. XRP exchange-traded funds recorded $75.89 million in net inflows last week, extending their weekly inflow streak to 11 weeks and taking cumulative inflows to about $1.79 billion.
What the data shows
A CoinGlass liquidation heatmap showed about $607 million in liquidations around $1.50 on Binance, marking a cluster of leveraged positions at that level.
XRP's 24-hour range was roughly $1.47 to $1.54, while trading volume rose by more than 20% to about $3.23 billion. The token remains nearly 60% below its $3.65 all-time high.
ChartNerd had previously flagged $2.7 billion in liquidation leverage clustered around $1.00 on the XRP/USDT three-month heatmap, with notable liquidity also around $1.80 and $2.00.
What is still unclear
- Whether buyers can reclaim $1.50 and the 50-week EMA this week is still open. ChartNerd said XRP could keep moving sideways and that he is watching for buyers to push the price higher.
- ChartNerd described the setup as a potential liquidity hunt, with a dip to $0.98 seen as just as likely as a rise to $2, and said the wider crypto market's health will decide which comes first.
- The analyst cautioned that XRP does not have to repeat past Gaussian Channel patterns, so the historical comparison is not a firm guide.
Questions readers ask
What is XRP's 50-week EMA?
ChartNerd put the 50-week exponential moving average at about $1.51967 after the weekly close, and around $1.52 in a later video. XRP has closed below it for six straight weeks.
Where are XRP's support and resistance levels now?
ChartNerd sees resistance near $1.50 to $1.52 and support around $1.31, where the 20-week EMA sits. He also warned XRP could drop toward $1.30.
What could push XRP to $1.80?
ChartNerd said a sustained close above the 50-week EMA and the monthly Gaussian Channel's upper band near $1.50 could put $1.80 and $1.90 in reach.
Are XRP ETF inflows still positive?
Yes. XRP exchange-traded funds recorded $75.89 million in net inflows last week, an 11-week streak that took cumulative inflows to about $1.79 billion.