XRP finally presents indications of the ascending momentum after weeks of low consolidation and heavy rejection activity. After a strong recovery compared to the 200 EMA around $ 2, the asset is currently trying to reach the resistance level of 100 EMAs, a crucial technical turning point that could open the door to a race around $ 3. The graph presents an optimistic but prudent image. XRP is stuck in a canal downwards and prints the lower ups since sharp at $ 3.
The recent resumption and the attempted escape above 100 EMA, however, indicate the climbing of the bullish appetite at this level. The configuration is undoubtedly leaning towards an escape scenario, even if the price is always teasing the resistance of the upper trend line of the triangle and the 100 EMA. To the region from $ 2.15 to $ 2.22, the EMA 50, 100 and 200 confluence serves as a confirmation and resistance zone.
The break is technically legitimate if XRP closes above this cluster with any type of volume support. The next obvious targets are $ 2.60 and $ 3.00, which are significant from a structural and psychological point of view. The drop in volume, however, is an element that could postpone this upward thrust. Even if the price has recovered, the volume is still down. This divergence frequently indicates that market players may not be convinced by this decision.
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In other words, although they do not yet act with overwhelming force, the bulls intensify. But XRP has a history of explosion from periods of silent accumulation and the current compression close to the peak of its downward structure could cause a hint of volatility. If the bulls are favored by this point, a jump to $ 3 is not out of the question.
The main point is that XRP tries to reverse the trend and tests crucial levels. The value of $ 3 becomes more than just possibility if customers return in large numbers. However, this could just be another attempt at unsuccessful escape without this push. Pay attention to this volume and EMA.
