XRP has reached an important technical signal by closing a weekly candle above the 20-week moving average, signaling the potential start of a new upward movement.
Break Above the 20-Week MA: Why It Matters
For the first time in several months, XRP closed a weekly candle above its 20-week moving average, a key indicator of long-term market direction. The current price of XRP stands at around $2.33, firmly above the 20-week MA near $2.26, reinforcing growing momentum across both technical and on-chain metrics.
Bullish Indicators Confirm Market Strength
Beyond the moving average, several other bullish signals are converging. XRP's current price holds steady above short-, mid-, and long-term moving averages. Technical analysis confirms a 'strong buy' outlook, supported by rising RSI levels and consistent higher lows on the weekly chart. Moreover, weekly active XRP addresses surged to over 1.15 million, marking the highest ever recorded.
What Lies Ahead: Key Levels to Watch
With the 20-week MA reclaimed, attention now shifts to the $2.35–$2.40 resistance zone. This area could serve as the final hurdle before a move toward $2.60, aiming for the psychological $3.00 mark from early 2018.
XRP closing above the 20-week MA is a key signal of a potential trend shift. With the price at $2.33 and strong technical and on-chain health, bullish momentum may be building.
