XRP is showing strong signs of a bullish trend shift after breaking previous structure and forming a bullish EMA crossover. The token now eyes a move towards the $2.50 resistance.
Ripple’s (XRP) price action has recently flipped to a bullish market structure, offering a fresh outlook for traders and investors watching for trend continuation. With a confirmed series of higher highs and higher lows, XRP now trades above two key moving averages, indicating growing bullish momentum. If this structure continues to hold, XRP could target higher resistance zones in the near future.
Key technical points,
- EMA Bullish Cross: The 21 EMA and 50 MA are converging, signaling a potential bullish crossover.
- Market Structure Shift: XRP has established higher highs and higher lows, confirming bullish local structure.
- Target Resistance: If support holds, the next major resistance is at $2.50.
The convergence of the 21 EMA and 50 MA is a reliable early signal that momentum could be shifting in favor of the bulls. If a confirmed bullish crossover occurs, it often precedes a sustained move to the upside. Importantly, XRP is not only hovering above both moving averages but is also respecting them as dynamic support. This adds confluence to the idea that momentum is building.
In terms of structure, XRP has printed a textbook shift, transitioning from a bearish pattern of lower highs and lows to now forming higher lows and higher highs. This is one of the clearest early signs that market participants are regaining confidence and accumulation is underway. If this bullish structure remains intact and price continues to respect key support levels, momentum could begin to accelerate.
Volume remains a crucial factor in confirming this bullish thesis. While early signs are promising, an influx in volume would validate the strength behind this move. Without it, the structure may remain vulnerable to breakdowns.
Still, as it stands, XRP is showing signs of early trend development and is laying the groundwork for a potential breakout scenario.
What to expect in the coming price action
If XRP maintains its position above the converging EMAs and follows through with higher volume, traders can expect a retest of the $2.50 resistance zone. A clean break above that level would likely spark further upside momentum in the short term.
