#SECCrypto2.0

XRP hits bullish reversal, bull run confirmed?

$XRP XRP is showing signs of a potential bullish reversal after it recently surpassed the 50-day Exponential Moving Average. At press time, the asset is changing hands at $2.43, moving closer to a key resistance level around $2.70. This breakthrough is important as trading above the 50 EMA often indicates growing bullish momentum. Since early March, XRP has continuously marked higher lows, which suggests a gradual increase in buying pressure, and recent trading activity was marginally higher than the 20-day average. Should #xrp break through the descending trendline at $2.70, it may confirm a bullish reversal pattern and lead to a bigger rally. However, if XRP fails to hold its position above the 50 EMA, the bullish setup could be jeopardized, and short-term selling pressure could return