Big things are taking place with XRP. This time, the crossing pathways of the 100 and 50 represent a rare bullish cross. Although it is not as frequent as the 200 and 50 EMAs’ golden crosses, it is a clear indication that XRP may be gaining traction.
The current price of XRP is around $0.63. Although it has been swinging, these moving averages are finally providing us with some context. One indication that the price of XRP may be preparing for more consistent increase is the crossover of the 100 EMA above the 50 EMA.
Support levels are located around $0.58, which is where XRP usually finds a floor and recovers. XRP is in a nice area if it remains above this. As of right now, the resistance level—which functions as a ceiling—is at $0.64. XRP has a good chance of rising higher if it can push through this barrier.
The times ahead? If the market remains positive and this bullish cross indicates a real increase in momentum, XRP’s next objective may be higher, maybe hitting $0.70. Here, development is taking place step by step, overcoming obstacles and reaching new heights.
Recall that the cryptocurrency sector is subject to sudden changes. Although the crossover of these EMAs is a bullish indication, for the increase to persist, XRP must move higher and clear significant resistance levels. Though there are never any assurances with cryptocurrency, things appear promising.
Is XRP now primed for takeoff? The latest EMA cross strengthens the possibility that the symptoms are present. But in order to take off, it must overcome opposition. However, it is too early to make overly optimistic predictions because the market has just emerged from a significant drop that started a few weeks ago.
