Egrag Crypto to XRP Holders: Look At This Weekly Chart

Crypto analyst EGRAG CRYPTO (@egragcrypto) has published a weekly chart analysis of XRP that identifies a recurring structure across three separate market cycles. The analysis centers on the relationship between the 50 EMA and 200 EMA on the weekly timeframe. According to the analyst, two previous death crosses between these moving averages each preceded accumulation phases that resolved to the upside. A third cross may now be forming. Two Cycles With Two Recoveries The 2019 to 2020 period saw the 50 EMA cross below the 200 EMA.