XRP Could Be Poised For a breakout

XRP Could Be Poised For a breakout, Here’s What’s Next

– XRP prices have surged by 65% in the past week, and the coin is now trading above the 200-day moving average.

– The breakout above the 200-day moving average is an important step toward a full reversal for XRP, as it now has to gain a foothold above the resistance level and then wait for a cross between the 50- and 200-day moving averages.

– A cross would be the final signal for a reversal, but the two moving averages are far from each other, which means that XRP would need to consolidate above the 200 EMA or get additional support from bulls to initiate an accelerated rally.

– The trading volume of the asset has entered a downtrend, and there is a gradual fading and descending tendency during the weekend trading session.

24008 XRP Could Be Poised For a breakout, Here's What's Next

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