After months of consolidation, XRP has signaled a bullish breakout, paving the way for significant upside potential. At press time, the cryptocurrency is trading at $2.40, marking a substantial recovery from its previous range of $0.50 to $0.60. Year-to-date, XRP has surged 326%, with technical indicators now pointing toward continued upward momentum.
Technical Indicators Signal Bullish Momentum
Crypto analyst DarkDefender highlighted that XRP has broken above a descending trendline on the four-hour chart, a move signaling a potential reversal of its previous downtrend. For the bullish scenario to solidify, a daily close above $2.52 is critical.
Additional bullish signals include XRP trading above the Ichimoku Cloud and a Golden Cross formation on the Relative Strength Index (RSI), both of whic