The technical structure fuels the momentum
Technical signals are accumulating in favor of a bullish continuation for the price of XRP. The price remains firmly above the 50-day and 100-day exponential moving averages (EMA), indicating a sustained upward trend. The Bollinger Bands show compression, often a prelude to an expansion of volatility. The MACD, for its part, has been in positive territory since April 12, reinforcing bullish sentiment.