XRP Faces Key Test as Historical Pattern Points to Possible Pullback
XRP’s weekly Super Trend indicator flipped bullish on August 17, after the token rallied about 70% from $0.98 to $1.70.
The catch, in accordance to analyst ChartNerd, is that this precise sign has marked native tops earlier than deep pullbacks in each earlier cycle going again to 2019, and XRP is already stalling on the resistance stage that determined these earlier setups.
XRP’s Bullish Signal Meets Resistance
ChartNerd’s analysis facilities on what occurred after XRP hit roughly $0.98 after which recovered. The token moved about 70% towards $1.70, the place it bumped into the 50-week EMA, at present round $1.52. At the identical time, the token has been buying and selling between that resistance and the 20-week EMA close to $1.29 to $1.30.
“Whilst beneath the 50 and above the 20, we’re merely compressing,” ChartNerd stated, describing the latest value motion as a interval of chop whereas merchants await a clearer route.
That warning comes from XRP’s earlier cycle historical past. In 2022, it rallied about 90% from its cycle low earlier than a bullish Super Trend flip appeared across the 50-week EMA. The transfer was adopted by a forty five% correction.
In 2019, one other bullish flip throughout the bear market was adopted by a 56% correction, and after the 2020 cycle low, XRP additionally printed a bullish flip earlier than falling 32%.
ChartNerd argues this sample has appeared typically sufficient to warrant warning. “Bullish tremendous traits often mark native tops,” the analyst stated, whereas stressing that historic conduct doesn’t assure the identical final result this time.
He additionally positioned a better structural change round $1.90, noting that XRP would wish to clear the $1.50 to $1.90 zone earlier than the transfer towards its earlier high seems to be extra convincing.
A brief-term push above $1.52 remains to be doable, the analyst stated. But even a detailed above the 50-week EMA wouldn’t mechanically take away the historic warning.
Price Has Stayed Choppy This Week
As CryptoPotato reported earlier, XRP dipped towards $1.39 throughout one leg of Bitcoin’s latest slide earlier than patrons stepped again in to push it to $1.44.
At the time of writing, it had gone again down shut to 4% within the final 24 hours and was once more buying and selling close to $1.38, in accordance to CoinGecko. It is up 1.5% over the previous week however down greater than 53% from a yr in the past, and it additionally stays about 62% beneath its all-time high of $3.65 from July 2025.
Bitcoin has been chopping between $77,600 and $80,000 over the previous few days, and XRP’s swings have largely tracked that forwards and backwards relatively than shifting on their very own.
The Ripple token’s futures quantity additionally picked up in August, with buying and selling throughout the three largest exchanges topping $64 billion, the busiest month in half a yr.
Spot XRP ETFs saved including cash too, though the tempo slowed loads, with weekly inflows dropping to just below $19 million final week after bringing in additional than $110 million the week earlier than. So far this week, SoSoWorth information reveals internet inflows have hit about $13.83 million.
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