The price of XRP is trading above the 20-day exponential moving average at $1.40. It is also trading above the 50-day exponential moving average at $1.41. These two moving averages are now close to each other.



The crossover of these two indicators could form a golden cross. Traders often see this as a sign of momentum improvement. However, confirmation remains dependent on a strong daily close above the resistance level.
The current situation has two clear sides. Technical charts show a bullish continuation pattern. Blockchain data indicates that many tokens are moving toward trading platforms. This presents a tough test for optimistic investors.

A break above $1.53 could confirm this pattern and also open the way for a move toward $1.77.

Breaking below $1.39 would weaken the pattern. A decline below $1.27 would invalidate the bullish pattern. This level represents the lowest point of the cup.
XRP-2.71%
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