Crypto DC
464 posts
Brad Garlinghouse on how close the US may finally be to crypto regulatory clarity. “𝘞𝘦’𝘳𝘦 𝘢𝘴 𝘤𝘭𝘰𝘴𝘦 𝘵𝘰 𝘵𝘩𝘦 𝘧𝘪𝘯𝘪𝘴𝘩 𝘭𝘪𝘯𝘦 𝘢𝘴 𝘸𝘦’𝘷𝘦 𝘦𝘷𝘦𝘳 𝘣𝘦𝘦𝘯.”
This is what i'm seeing here 🤔 If $XRP does secure a confirmed breakout on the daily here, the weekly still tells us to respect the current trend with heavy macro resistance above. Looking at this chart, there is a strong possibility that this is just a countertrend rally into EMA resistance. Hear me out 👇 For example, the weekly 20/50 EMA's on this chart were both lost and confirmed as resistance in Jan 2026, creating a deathcross. That deathcross is what opened the last drop from $2.40 to $1.11, and we are witnessing the exact same rally back into these EMA's as we did back then. Ideally, no macro bullish reversal is confirmed until BOTH of these EMA's are reclaimed as support. Can they be reclaimed? Sure. For now, we remain below and must respect such. This is why I speak on a $1.80 point of contact before a deeper drop towards $0.90/$0.70. Overall, the only way to invalidate such a scenario is by reclaiming these EMA's. Weekly 20 EMA = $1.58 🎯 Weekly 50 EMA = $1.85 🎯 We can enjoy the small rises, but don't get lost in the sauce until we see macro confirmation! It's never a bad thing to be open-minded! #NFA
