summercreationcamp

Technical outlook: It breaks through the short-term resistance, but the major exponential moving averages (EMAs) still limit the broader trend
XRP attempts to build a recovery after defending the demand zone at $1.06–$1.08. Price has broken the short-term downtrend line and is testing the 20-day exponential moving average, while holding above nearby support. However, XRP remains below the 50, 100, and 200-day exponential moving averages, indicating that the trend on higher timeframes is still bearish despite the recent rebound.