PrinceofKHB
07/11 15:58
A market analyst believes XRP is now on the verge of rallying to any of his two-digit targets after the retest of a crucial EMA.
The recent commentary comes on the back of XRP’s latest recovery push on the back of a broader market-wide upward campaign. Notably, while Bitcoin (BTC) has continued to set new all-time highs, XRP has equally rallied, recently reclaiming $2.5 with a 14.42% increase in the past week.
Amid this bullish phase, EGRAG is now predicting a continuation of the uptrend, citing historical data as his inspiration. Importantly, his latest analysis revolves around the 21-period EMA on the 2-week chart. EGRAG has identified a pattern surrounding this crucial moving average, which will determine XRP’s next direction.
Data from his chart shows that whenever XRP breaks above this 21 EMA and comes back to retest it as support after hitting a roadblock during the initial rally, it often rallies again once the retest successfully concludes. 
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