Crypto analyst Steph Is Crypto has made a statement regarding XRP's recovery above the EMA ribbon, causing a surge of discussion within the community.
Importance of the EMA Ribbon
The EMA (Exponential Moving Average) ribbon consists of several moving averages ranging from 10 to 100 days. When price action closes decisively above this ribbon, it signals that short-term momentum has overtaken mid-term trend resistance.
Historical Context
Evidence of a rising trend or massive interest in XRP is corroborated by its sharp rise in July 2025 when it surged by 65% within ten days after reclaiming the EMA ribbon.
Current Market Setup and Outlook
Currently, XRP is trading above the EMA ribbon around $3. Analysts are observing strong intraday buying and a series of higher lows, which may foreshadow further growth. However, professional traders caution that factors such as overall market liquidity and Bitcoin’s direction should be considered.
XRP's recovery above the EMA ribbon raises questions about potential price increases. However, traders should closely monitor market changes and consider risks.
