XRP is demonstrating renewed strength as it trades above the Daily MA100, a significant technical level often used by traders to gauge mid-term trend direction. This breakout above the moving average suggests bullish momentum is building — a signal that many in the crypto trading community are closely watching.
Technical Overview
The price holding above the MA100 is a positive sign for bulls, confirming that buyers are gaining control. Historical data shows that when XRP sustains movement above this level, it often leads to further upside potential. Additionally, volume indicators and momentum oscillators are aligning with this trend, pointing to a possible continuation.
Strategic Buy Zone Identified
A key accumulation zone (blue zone) has been highlighted on the chart. This area represents a strong support region where previous buyers have stepped in. Traders looking to enter or add to their positions may consider this zone as a favorable risk-reward entry point.
Targets in Sight
Price targets have been marked on the chart based on historical resistance levels and Fibonacci extensions. These levels serve as potential take-profit zones for short- to mid-term traders aiming to capitalize on the expected price move.
When Is XRP's IPO?
It’s important to clarify that XRP (Ripple) is not a stock and therefore does not have an IPO (Initial Public Offering). However, Ripple Labs — the company behind XRP — has previously announced plans to consider going public in the future. As of now, no official IPO date has been confirmed.
Final Thoughts
The current technical setup on XRP suggests a strong update is forming. If the coin maintains support above the MA100 and breaks past short-term resistance levels, a surge in momentum could drive prices to the next target zones.
