XRP (XRP/USDT) Shows Strength as Bulls Defend Critical Levels

XRP Long-term Analysis: Bullish

In a week marked by cautious optimism across the digital assets market and Bitcoin reclaiming the 100K price range, XRP is flashing early signs of a bullish breakout after holding above the $2.3810 support level, gaining over 5% on the weekly timeframe.

This signals a renewed buying interest from the buyers as XRP against the Tether witnesses a massive inflow of bullish trading volume.

Recently, the pair entered a cooling phase, forming a base structure above the set of long-period exponential moving averages. However, this compression has created a nice setup as breakout favors upside movement.