As per NewsBTC, XRP's weekly chart has entered a technical zone that has historically acted as a turning point for the asset. Analysis shared on X highlights a recurring pattern where extended periods below the 50-week simple moving average (SMA) have preceded significant price rebounds. In 2017, 2021, and 2024, XRP spent 70 to 84 days below the SMA before rallying between 70% and 850%. Currently, XRP is again approaching 70 days below the SMA, suggesting a potential inflection point. A decisive weekly reclaim of the SMA could signal a continuation of bullish momentum.
XRP Enters Historical Window Linked to Past Triple-Digit Rallies
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Summary
XRP has entered a key technical window linked to past triple-digit rallies, as highlighted by altcoins to watch on X. The weekly chart shows XRP nearing 70 days below the 50-week SMA, a pattern seen in 2017, 2021, and 2024 before major rebounds. A weekly close above the SMA could signal a shift. Market sentiment, including the fear and greed index, remains a key factor for altcoins to watch.
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