After several months, XRP clears the 50 EMA resistance, which can be interpreted as a possible growth reversal against the background of the increasing trading volume.
The price of Ethereum has surged over $2,600, and all significant EMAs, which indicates additional interest in buying and bullish news.
Dogecoin rallies above the 26 EMA victorious amid volume bullishness, which comes to an end of a long downtrend and indicates a short-term rebound.
The Ripple currency, XRP, has experienced a tremendous technical breakout, with the currency closing above its 50-day EMA, whereby it has since stunted the rise of the currency since the start of 2025. The development is an indication of a possible change in mood following a long period of stagnation, as XRP has broken a barrier that has been keeping it within a tight range for several months.
The break above the 50 EMA was accompanied by a significant surge in trading volumes, which made the move very plausible. The close of XRP above the $2.28 mark places the currency in the spotlight as one of the trend lines that are keenly followed by traders. Market information indicates that this bullish trend cannot be attributed to short-term swings but rather indicates involvement and interest in the market in general.
The Rise of the XRP Bull Run continues
The relative strength index (RSI) has increased to 57, indicating that the buyers are strengthening. XRP is trading above all the major moving averages; hence, this might lead to a golden cross should the shorter-term averages cross above the longer-term ones. The 100 and 200 EMA continue to stay within reach. Following such a move, a move up and towards the $2.50 region might occur soon, with a subsequent test of the psychological resistance at $3.
Dogecoin, too, exhibited the signs of healing after rising above its 26 EMA level, which the cryptocurrency proved to be incapable of overcoming during the fall in June. The development was backed by a 2.3% increase per day and an improvement in the trading volume. The RSI is up to 51, leaving DOGE out of the oversold zone and into mild ground. The resistance is currently pegged in the 0.19-0.20 levels, with the possible key test being the 50 and 100 EMA convergence levels.
Ethereum registered the best breakout in months as it exceeded the close of $2,600, rising above the 50, 100, and 200-day EMAs. The rally is coming after a streak of lethargic trading and currently displays bullish resurgence. The RSI has taken a turn to 58, and traders are now looking at the next big level of $3,000. A possible retracement to the $2,500 level may serve as confirmation of an increase.
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