XRP has moved above important daily moving averages, but crypto analyst ChartNerd believes the latest recovery still needs stronger confirmation before the market can consider the larger downtrend broken.
His latest analysis on X points to a key technical level that XRP has now reached, while historical price action since October 2025 continues to support a cautious approach.
XRP Moves Above Daily 20/50 EMAs
ChartNerd explained that XRP recently surged through resistance from its daily 20 and 50 exponential moving averages. The move represents an improvement in short-term price structure, but he warned that XRP has now reached another important test on the weekly chart.
According to the analyst, XRP is pressing into the weekly 20 EMA, which he considers a significant resistance level. He therefore remains conservative despite the recent breakout.
ChartNerd wrote that “after surging through daily 20/50 EMA resistance, price is now pressing into the weekly 20 EMA.” He also pointed to XRP’s performance during previous rallies since October 2025, noting that each recovery eventually led the token to establish new lows.
For ChartNerd, that history remains important because XRP has repeatedly produced short-term rallies without establishing a lasting reversal in the larger trend.
Another resson why i remain conservative during this $XRP breakout 👉🏻 after surging through daily 20/50 EMA resistance, price is now pressing into the weekly 20 EMA. All prior rallys since October 2025 have resorted in new lows. The macro downtrend is still intact. For now. pic.twitter.com/NqyhVopcRj
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) August 20, 2026
The Macro Downtrend Remains the Main Concern
The analyst maintained that XRP’s macro downtrend remains intact for now. His analysis suggests that the recent move should not automatically be treated as confirmation of a sustained bullish trend.
The updated chart attached to his post shows XRP trading around $1.24, while the weekly 20 EMA sits near $1.23. This places price directly around the moving average that ChartNerd identified as the next major test.
A sustained move above the weekly 20 EMA could therefore become an important development for the current recovery. However, ChartNerd has not yet changed his cautious outlook and is waiting for stronger evidence that XRP can maintain the move.
Crypto Cholo Echoes the Cautious Outlook
An X user identified as Crypto Cholo responded to ChartNerd’s analysis and highlighted the same technical levels. The commenter noted that XRP had moved through the daily 20 and 50 EMAs but had now reached the weekly 20 EMA.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
Crypto Cholo also referenced XRP’s repeated rallies since October and the subsequent declines to new lows. He described the current price area as a key test and agreed with ChartNerd’s decision to remain conservative until the market provides clearer confirmation.
For now, ChartNerd’s analysis centers on whether XRP can maintain its recent recovery after reaching the weekly 20 EMA.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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