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XRP, BTC Among Major Tokens Flashing Signs of Bulls Returning to Crypto

The 200-day simple moving average (SMA) is widely regarded—including by Coinbase—as a key indicator of long-term market trends. A sustained move above this average typically signals bullish momentum.

As of now, XRP, BTC, BNB, ADA, TRX, and SUI are trading comfortably above their respective 200-day SMAs, pointing to a broadening bull market. In contrast, ETH, SOL, DOGE, and LINK remain below the average, according to TradingView data.

This marks a notable improvement from late April, when only XRP, BTC, and TRX were above their 200-day SMAs—and from a month ago, when just XRP and TRX held that position.

The expanding number of assets surpassing this key threshold suggests rising investor confidence and a strengthening market recovery.

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