XRP flashes bullish signals as EMA’a cross: are bulls in control?
XRP is showing strong signs of a bullish trend shift after breaking previous structure and forming a bullish EMA crossover. The token now eyes a move towards the $2.50 resistance.
Ripple’s (XRP) price action has recently flipped to a bullish market structure, offering a fresh outlook for traders and investors watching for trend continuation. With a confirmed series of higher highs and higher lows, XRP now trades above two key moving averages, indicating growing bullish momentum. If this structure continues to hold, XRP could target higher resistance zones in the near future.
Key technical points,
EMA Bullish Cross: The 21 EMA and 50 MA are converging, signaling a potential bullish crossover.
Market Structure Shift: XRP has established higher highs and higher lows, confirming bullish local structure.
Target Resistance: If support holds, the next major resistance is at $2.50.
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