Shiba Inu (SHIB) to Add Zero? Three XRP Tests Just Happened, Ethereum (ETH) Golden Cross Next in Line?

XRP has once again demonstrated its tenacity by surviving the 200-day exponential moving average, a crucial technical zone. Three times in the past few trading sessions XRP has tested the 200 EMA, each time recovering with significant strength. The long-term trend indicator is now a significant support level and a crucial indicator of investor sentiment as a result of these repeated tests. As can be seen from the chart, XRP regularly fell to test the 200 EMA (black line) in the $2.09-$2.10 range during June. Every touch led to a strong recovery, indicating that when the asset reaches this fundamental support buyers are acting quickly. Bulls need a stable base to form during erratic market conditions, and this type of repeated interaction with a major moving average without breaking below it frequently suggests the formation of one.

XRP/USDT Chart by TradingView Although XRP is still technically range-bound between its 200 EMA support and its 50 EMA resistance, a breakout could occur soon as this range narrows. There is still potential for an upward push without going into overbought territory because the RSI indicator is still in the mid-40s, indicating neutral momentum. Although there hasn't been a significant increase in volume traders, increasing confidence is demonstrated by the steady buying interest at support zones. XRP may quickly retest the $2.60-$2.70 range if it is able to turn its 50 and 100 EMA levels (~$2.25-$2.30) into support.

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