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$XRP’s weekly Super Trend indicator flipped bullish on August 17, after the token rallied about 70% from $0.98 to $1.70.
The catch, according to analyst ChartNerd, is that this exact signal has marked local tops before deep pullbacks in every previous cycle going back to 2019, and $XRP is already stalling at the resistance level that decided those earlier setups.
$XRP’s Bullish Signal Meets Resistance
ChartNerd’s analysis centers on what happened after $XRP hit roughly $0.98 and then recovered. The token moved about 70% toward $1.70, where it ran into the 50-week EMA, currently around $1.52. At the same time, the token has been trading between that resistance and the 20-week EMA near $1.29 to $1.30.
“Whilst beneath the 50 and above the 20, we’re simply compressing,” ChartNerd said, describing the recent price action as a period of chop while traders wait for a clearer direction.
That caution comes from $XRP’s earlier cycle history. In 2022, it rallied about 90% from its cycle low before a bullish Super Trend flip appeared around the 50-week EMA. The move was followed by a 45% correction.
In 2019, another bullish flip during the bear market was followed by a 56% correction, and after the 2020 cycle low, $XRP also printed a bullish flip before falling 32%.
ChartNerd argues this pattern has appeared often enough to warrant caution. “Bullish super trends usually mark local tops,” the analyst said, while stressing that historical behavior does not guarantee the same outcome this time.
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