EGRAG CRYPTO Says XRP’s Weekly Channel Matters More Than EMA Cross

XRP’s weekly chart may be approaching a third crossover of its 50-period and 200-period exponential moving averages, while analyst EGRAG CRYPTO says the asset’s rising channel remains the more important signal.

The chart marks two earlier bearish crosses, in 2019-2020 and 2022-2023, alongside yellow accumulation zones. It uses those zones as reference points for the possible third cross and frames the current setup around whether XRP stays near the upper zone or moves toward the lower one.

The chart lists XRP at $1.34, above the upper part of the marked zone. It also places the token inside an ascending channel as of Oct. 21. EGRAG CRYPTO says the broader chart structure matters more than the moving-average signal: “The EMA cross is lagging. The macro structure is the key.”

EGRAG CRYPTO also tracks the 33-period and 111-period EMAs alongside the 50-period and 200-period averages, and expects volatility in both directions. The analyst’s upward view depends on the ascending channel holding.