Egrag Crypto Wants XRP to Remain Below the 21 EMA for the Next 4 Days. Here’s why

In a recent update on X, popular crypto analyst EGRAG CRYPTO (@egragcrypto) expressed a clear and somewhat unconventional preference regarding XRP’s price movement. According to his latest chart analysis , he is hoping for XRP to remain below its 21-week exponential moving average (EMA) for the next four days. At first glance, this may seem counterintuitive, but the reasoning behind this approach becomes clearer when examining the broader technical context and chart patterns. Significance of the Inverted Hammer The key focus of EGRAG CRYPTO’s analysis is a single candle formation: the inverted hammer . The analyst highlighted a previous weekly candle from late 2024 that closely matched the characteristics of this bullish reversal pattern and preceded the asset’s remarkable 500% surge between November and January. This pattern is often seen at the bottom of a downtrend and can signify a potential shift in momentum. On the current chart, he compares the previous candle to the one forming now and emphasizes that maintaining the current structure is critical. The chart shows that XRP is sitting just above a key support level , which lies around the $1.85 to $2 region. His chart showed XRP trading at $2.1456, just below the 21 EMA, which is currently acting as a resistance line. #XRP – I Want It to Remain Below the 21 EMA for the Next 4 Days! Can you understand why I need the current candle to hold its formation? Your question now: So, @egragcrypto , you want #XRP to stay suppressed for another 4 days? My answer is: YES! Drop a comment if… pic.twitter.com/AXS4yCSQB9 — EGRAG CRYPTO (@egragcrypto) June 18, 2025 We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The analyst suggests that if XRP remains below this EMA for the next few days, the current weekly candle may close in an inverted hammer formation, strengthening the bullish structure. Waiting for a Precise Technical Setup Rather than pushing for immediate upward momentum, the analyst appears focused on achieving an ideal technical setup. The analyst has previously predicted surges of up to 1,000% from a similar formation, and his willingness to accept short-term consolidation shows the potential of this bullish setup. The longer-term chart also highlights the breakout from a multi-year triangle formation that occurred in late 2024. Since then, XRP has traded above the breakout zone, consolidating within a higher range. The current price suggests that the asset is still in a healthy position as long as it stays above the critical support region and continues to respect longer-term trend lines. Looking Ahead to July EGRAG’s post also hints at the potential for upward movement in the near term, saying “In July, we shall fly.” He recently predicted that the asset will hit its cycle top by July 21 , and by allowing the candle to complete in a specific way below the 21 EMA, the analyst expects to confirm a structure that could precede a breakout or a strong bullish continuation. 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. Follow us on X , Facebook , Telegram , and Google News The post Egrag Crypto Wants XRP to Remain Below the 21 EMA for the Next 4 Days. Here’s why appeared first on Times Tabloid .

Source: TimesTabloid