XRP’s Critical 3-Day Candle Closes as Powell Takes the Stage

• XRP is testing its critical 3-day 21 EMA, a key level that could determine its short-term trend
• The crypto market awaits a major speech from Fed Chair Jerome Powell that could trigger extreme volatility
• An analyst warns the outcome for XRP could be a “nuke or a blast,” depending on the speech and the candle close

A crypto analyst on X, Egrag Crypto, drew attention to a critical XRP moment. Namely, a 3-day candle is nearing its close and hovering around the 21 Exponential Moving Average (EMA). A close below this level is often viewed as bearish, while a hold above signals potential strength.

They tied this technical moment to Jerome Powell (Chair of the Federal Reserve), indicating that the market could react sharply like a “nuke or a blast”, depending on how Powell’s upcoming speech goes and where XRP’s price finally closes.

The Fed’s Chair is scheduled to deliver a very important speech at the Jackson Hole Economic Policy Symposium today, focusing on the economic outlook and the Fed’s policy strategy. This is expected to be his final Jackson Hole address before his term ends in May 2026.

With low trading activity ahead of the speech, cryptocurren…

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