XRP Price Reclaims 200-Day MA, Targets $2.64
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1d ago- Reversal Signal: XRP price has successfully reclaimed the 200-day moving average and is holding it as support, indicating early reversal strength and a shift in market structure towards bullish continuation targets, suggesting a potential return to a bull market.
- Support Confirmation: The current price is backtesting the 200-day MA, confirming reversal conditions, and if it maintains support, it will pave the way for further upside towards $2.64, establishing a higher low.
- Structural Shift: XRP's recent rally broke above the 200-day MA, marking a return of market demand and breaking previous bearish structures, indicating increased buyer confidence and the potential for a macro reversal.
- Future Outlook: If XRP continues to stabilize above the 200-day MA, a successful break above $2.64 will confirm a higher high, completing the market structure shift and opening the door for broader upside potential.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
