XRP must reclaim 100-day EMA near $2.24 to reopen 33% rally path

Beincrypto reports XRP must reclaim the 100-day exponential moving average near $2.24 to reopen a path for a projected 33% rally. On the daily chart XRP appears to be forming an inverse head-and-shoulders with a neckline near $2.52, about 28% above current prices; previous reclaiming of the 100-day EMA in September produced roughly 12% and 16% moves.

The token has failed to hold shorter-term EMAs and was rejected near the 100-day EMA on January 14, though a long lower wick on the latest sell-off indicates buyers absorbed downside pressure. On-chain data shows whales increased balances—10–100 million holders rose from about 11.14 billion to 11.17 billion XRP and 1–10 million holders from roughly 3.54 billion to 3.59 billion—and long-term holder positions rose from approximately 223,201,195 XRP on January 16 to about 234,886,841 XRP by January 18 (an increase of roughly 11.69 million).

Derivatives are heavily skewed toward shorts, with short liquidation leverage near $520 million versus about $22 million for longs, a tilt the report says could fuel a short squeeze if key levels break. According to the analysis, XRP needs to close above $2.24 to confirm strength and reclaim the 100-day EMA, then push into the $2.48–$2.52 zone to activate the pattern; losing $1.84 would weaken the setup and a drop below $1.77 would invalidate it.

Key Topics

Crypto, Xrp, Whales, Long-term Holders, Short Squeeze