XRP Breaks Resistance With Strong Indicators
XRP has just crossed a major technical milestone, establishing itself as the best-performing crypto in the top 10 this week, thanks to the momentum from South Korean traders. After several months of lateral movement in a narrow price range between $2.00 and $2.50, the crypto soared to $2.92, breaking two major resistances successively.
The asset currently surpasses Bitcoin and Ethereum in terms of momentum. This rise occurs in a generally favorable context, with the total crypto market capitalization stabilizing above $3.3 trillion, and a Crypto Fear & Greed Index at 73, signaling a clearly bullish sentiment.
Technical indicators confirm the strength of this surge :
RSI at 81 : the Relative Strength Index indicates an overbought situation, revealing strong buying momentum ;
ADX at 34 : the Average Directional Index clearly exceeds the 25 threshold, signaling a robust bullish trend ;
EMA 50/200 crossover : the short exponential moving average has crossed above the long one, a signal typically considered bullish ;
Squeeze Indicator activated (green signal) : indicates that the market is in a volatility expansion phase, validating the price breakout ;
Massive volume between $2.00 and $2.40 : this accumulation zone is now a key technical support, strengthening the bullish breakout structure.
XRP has just crossed a major technical milestone, establishing itself as the best-performing crypto in the top 10 this week, thanks to the momentum from South Korean traders. After several months of lateral movement in a narrow price range between $2.00 and $2.50, the crypto soared to $2.92, breaking two major resistances successively.
The asset currently surpasses Bitcoin and Ethereum in terms of momentum. This rise occurs in a generally favorable context, with the total crypto market capitalization stabilizing above $3.3 trillion, and a Crypto Fear & Greed Index at 73, signaling a clearly bullish sentiment.
Technical indicators confirm the strength of this surge :
RSI at 81 : the Relative Strength Index indicates an overbought situation, revealing strong buying momentum ;
ADX at 34 : the Average Directional Index clearly exceeds the 25 threshold, signaling a robust bullish trend ;
EMA 50/200 crossover : the short exponential moving average has crossed above the long one, a signal typically considered bullish ;
Squeeze Indicator activated (green signal) : indicates that the market is in a volatility expansion phase, validating the price breakout ;
Massive volume between $2.00 and $2.40 : this accumulation zone is now a key technical support, strengthening the bullish breakout structure.
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