Peter Smith
XRP just smashed through a major resistance level that's been holding it back for months. The crypto finally broke above its 50-day moving average, and this could be the start of something big.
XRP (Ripple) Breaks Out After Getting Stuck for Months
XRP has been stuck in a boring sideways pattern for what feels like forever. The 50-day EMA kept acting like a ceiling, shutting down every attempt to move higher. But that's changed now - XRP finally punched through this key level and closed above $2.28.
This isn't just some random technical move. The 50-day moving average is a big deal in crypto trading. When a coin breaks above it after being stuck below for months, it usually means the bears are losing control and the bulls are starting to take over. The fact that XRP managed to close above $2.28 shows that sellers are finally running out of steam.
What makes this move even more convincing is the volume. We're not talking about some thin, fake breakout here. The trading activity picked up significantly, which means real buyers are stepping in. This isn't just a short squeeze or some weird liquidity spike - it's actual demand.
XRP (Ripple) Technical Signals Are Looking Pretty Good
The RSI jumped to 57, which is a solid sign that momentum is shifting toward the bulls. XRP is now trading above all the major moving averages, and if this keeps up, we might see a golden cross formation. That's when the shorter-term moving averages cross above the longer-term ones - basically a textbook bullish signal.
The 100 and 200-day EMAs are both within reach now. If XRP can keep this momentum going, those levels could flip from resistance to support pretty quickly. The technical setup looks way better than it has in months.
XRP (Ripple) Could Hit $2.50 and $3 Next
Now that XRP broke through this major resistance, the next obvious targets are $2.50 and that big psychological level at $3. These aren't just random numbers - they're levels where traders have been watching and waiting.
The $3 level is particularly important because it's one of those round numbers that gets stuck in people's heads. If XRP can get back above $3, it could really change the narrative around this crypto. We're talking about a potential comeback story after months of going nowhere.
Of course, nothing's guaranteed in crypto. XRP needs to hold above that 50-day EMA and keep the volume up. But for the first time in a while, the technical picture is actually looking decent. This could be the beginning of a real recovery, not just another fake-out.
Peter Smith
