$XRP XRP’s latest daily chart is showing a development that has traders watching closely. Analyst Steph Is Crypto (@Steph_iscrypto) posted an updated view of the XRP/USDT pair on Binance, highlighting a bullish crossover in the Moving Average Convergence Divergence (MACD) indicator.
The shift is marked clearly on the chart, signalling that the MACD line has crossed above the signal line while the histogram has moved from negative to positive territory.
✨From Consolidation to Momentum
The daily timeframe has shown XRP holding firm above key support levels after a period of sideways movement. The highlighted crossover follows a similar event in early July that preceded a strong upward move toward a new all-time high of $3.65.
This new signal appears under similar market conditions, with price action attempting to build on a base formed after a pullback from recent highs. The MACD histogram turning positive reinforces the notion that short-term momentum aligns with the broader trend.
✨Why the MACD Matters
The MACD is designed to reveal changes in momentum by comparing two moving averages of price. A bullish crossover occurs when the shorter-term moving average rises faster than the longer-term average, suggesting that buying pressure is increasing.
On the daily chart, such crossovers tend to carry weight, as they filter out much of the noise seen in lower timeframes. Traders often look for this signal in conjunction with price structure and volume trends to gauge the likelihood of sustained moves.
✨Market Context and Potential Implications
The timing of this bullish flip comes as XRP remains within a broader recovery pattern following the decline that occurred in early August. Liquidity conditions, order book depth, and overall market confidence will determine how far the current momentum can carry.
The bullish MACD crossover offers traders a defined technical reference point. Those monitoring XRP may choose to watch for confirmation in the form of price expansion and stronger buying activity before positioning for a potential breakout.
If the crossover is accompanied by an increase in trading volume and the formation of higher highs and higher lows, the probability of a continued rally strengthens.
If XRP maintains its momentum, another well-known analyst has highlighted $3.65 as an important level that could send XRP to double digits. Steph’s chart suggests the asset will climb above $4, and the next few weeks could be life-changing for XRP holders.
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