Can $XRP bulls steady the uptrend?

#XRP price hovers slightly above the short-term support provided by the 50-day Exponential Moving Average (EMA) at approximately $2.30. Slightly below this level, the 100-day EMA is reinforcing the support at $2.27.

Despite the strong support, a sell signal confirmed by the Moving Average Convergence Divergence (MACD) indicator on May 20 could encourage traders to sell XRP. This signal occurs when the blue MACD line crosses above the red signal line.

At the same time, the Money Flow Index (MFI), a momentum indicator that measures the flow of money into and out of XRP, is downward. The drop from near-overbought conditions at 76 on May 14 supports the bearish outlook.

A price movement below the 50-day EMA and the 100-day EMA could indicate increasing selling pressure. Hence, key areas of interest for traders likely to buy the dip include the 200-day EMA at $2.06 and the April 7 low at $1.61.

Still, the SuperTrend indicator displays a buy signal, indicating that bulls still have the upper hand and could resolve the current indecision to the upside. The SuperTrend is a trend-following volatility indicator that sends a buy signal when the price crosses above it, changing color from red to green. As long as it trails the XRP price, the probability of a bullish breakout would remain high. 

Key levels and milestones for monitoring progress toward the $3.00 target include a break above the descending trendline and the supply zone at $2.80, which was tested as resistance in February and December.