XRP shows strong signs of a change of bullish trend after having broken the previous structure and form an Ema Haussier crossover. The token now looks at a movement towards the resistance of $ 2.50.
Ripple’s price action (XRP) has recently reversed a bull market structure, offering new perspectives to merchants and investors who ensure the pursuit of trends. With a confirmed series of higher and upper highs, XRP is now negotiated above two key mobiles, indicating an increasing upward impulse. If this structure continues to hold, XRP could target higher areas of resistance in the near future.
Key technical points,
- Ema Cross Haussier: The 21 EMA and 50 my converge, signaling a potential bullish crossing.
- Change of market structure: XRP has established higher highs and higher stockings, confirming the upward local structure.
- Target resistance: If the support holds, the next major resistance is $ 2.50.
The convergence of the 21 EMA and 50 MA is a reliable early signal that the momentum could move in favor of the bulls. If a confirmed bullish crossing occurs, it often precedes an upward movement. Above all, XRP hovers not only above the two mobile averages, but also respects them as a dynamic support. This adds confluence to the idea that the momentum is building.
In terms of structure, XRP has printed a change in manual, going from a lower and lower lower and lower pattern to now form higher and higher ups. It is one of the first clearest signs that market players regain confidence and that the accumulation is underway. If this upward structure remains intact and the price continues to respect the main levels of support, the momentum could start to speed up.
The volume remains a crucial factor to confirm this increased thesis. Although the first signs are promising, an influx of volume would validate the force behind this movement. Without this, the structure can remain vulnerable to breakdowns.
However, as it stands, XRP shows signs of developing early trends and lays the foundations for a potential escape scenario.
What to expect in the action of upcoming prices
If XRP maintains its position above the convergent EMAs and follows with a higher volume, traders can expect a resistance zone of $ 2.50. A clear rupture above this level would likely arouse an increase in the short term.
