$XRP is currently at a critical juncture as market analysts observe whether it can surpass significant moving averages and reverse its recent downward trend.
The latest trading value of the coin stands at $1.37, reflecting a 3% decline over the past day, according to CoinMarketCap.
ChartNerd Highlights the Need for $XRP to Reclaim $1.55
Analyst ChartNerd notes that the 20-month exponential moving average (EMA) for $XRP is a crucial threshold to monitor.
In August, $XRP hit this EMA for the first time since January 2026. Historically, $XRP has faced challenges around this moving average, often leading to significant drops. Therefore, regaining this level could indicate a positive trend.
The current position of the 20-month EMA is about $1.55, which is near the 50-week EMA that has been serving as a resistance point since $XRP attempted to rise towards $1.70.
According to ChartNerd, $XRP must not only exceed these levels but also maintain them as support to signal a more substantial upward movement. A failure to achieve this could lead to further price declines.
The long-term chart from the analyst also indicates that $XRP has previously surged significantly after crossing above the 20-month EMA.
Indications of a Potential Recovery
ChartNerd also examined $XRP’s recent price activity, which previously exhibited a pattern of lower highs and lower lows, typically indicative of a downtrend.
However, the outlook began to shift once $XRP surpassed the $1.39 mark. Following this breakthrough, the coin has subsequently breached multiple prior high points and may now be establishing higher lows, suggesting a potential weakening of the downtrend.
Analyst Identifies $1.48 as a Key Target for $XRP
In related analysis, expert Cryptoinsightuk points out that the $1.48 level is crucial for $XRP. The current perspective is that $XRP is in a neutral trend. Although it has surpassed a former high, additional upward movement is necessary to confirm a stronger bullish trend.
If $XRP manages to break through $1.48, the next target will likely be around $1.58. Continued upward momentum could push the price towards a range between $1.70 and $1.85.
The analyst also noted that remarks from U.S. Treasury Secretary Scott Bessent about a potential increase in Treasury bond purchases might positively influence the cryptocurrency market.
$XRP Must Overcome Significant Resistance
Both analysts concur that $XRP is showing early signs of recovery, but further validation is necessary to affirm a genuine uptrend. A breakthrough above $1.48 would be encouraging, while surpassing the 20-month EMA of $1.55 and the 50-week EMA would provide a stronger indication of upward potential.
Until $XRP achieves and maintains these levels as support, the possibility of further declines remains. If the price breaks higher, $1.58 could be the initial target, followed by a range of $1.70 to $1.85.