So, XRP’s weekly chart is in this so-called “technical zone” again. Big deal. 🥱 Apparently, it’s a turning point, like every other turning point we’ve seen. Some genius on X (formerly Twitter, because why not complicate things?) posted about XRP’s love affair with its 50-week simple moving average. 🧐 Who knew a line on a chart could be so dramatic?
Instead of obsessing over XRP’s short-term mood swings (which, let’s be honest, have been more bearish than Larry at a buffet), this analysis is all like, “Hey, look at the long game!” 🙄 Because, you know, extended periods below this magical line have always meant the end of the sadness and the start of the party. Sure, Jan.
The 50-Week SMA: XRP’s On-Again, Off-Again Relationship 💔
Steph (yes, the chart whisperer) posted this weekly candlestick chart that’s basically a soap opera starring XRP and the 50-week SMA. 🕵️♂️ Apparently, this line is the bouncer at the club, deciding whether XRP gets to party (bullish) or sits in the corner (bearish). And let’s just say XRP has been sitting in the corner a lot lately.
The fun part? Brief dips below this line are like a quick argument with your partner-no biggie. But sustained stretches? That’s a full-blown breakup. 💔 In 2017, XRP spent 70 days sulking below the line before deciding, “You know what? I’m worth it,” and rallying sharply. 🤑
Fast forward to 2021, and XRP was like, “I’ve got places to be,” spending only 49 days below the line before bouncing back. But the real drama queen moment was in 2024, when XRP spent 84 days in the dumps before a whopping +850% rebound. 🌋 Talk about a glow-up!
XRP’s Back in the Hot Seat-Again 🍿
Guess what? XRP’s currently 70 days below the 50-week SMA. Déjà vu, anyone? Steph’s like, “This is the moment, folks!” 🎤 But let’s be real, it’s either a triple-digit rally or just another Tuesday for XRP. History says it could go up 70% (2021) or 850% (2024). Or, you know, it could just shrug and say, “Not today.” 🤷♂️
The real signal? A weekly reclaim of the 50-week SMA. But let’s not hold our breath. After all, this is XRP we’re talking about. It’s like me trying to finish a project on time-highly unlikely. ⏳
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2025-12-18 21:06