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- XRP posts bullish daily MACD crossover, signaling increasing momentum.
- $3.65 remains a key resistance level for potential breakout.
- Volume confirmation could validate the rally toward $4 and beyond.
XRP’s latest technical setup has caught the attention of traders, as a bullish crossover appears on the daily chart’s Moving Average Convergence Divergence (MACD) indicator. Analyst Steph Is Crypto (@Steph_iscrypto) highlighted the development, noting that the MACD line has crossed above the signal line, while the histogram has shifted from negative to positive — a classic sign of increasing buying pressure.
From Consolidation to Potential Breakout
In recent weeks, XRP has traded above key support levels after a stretch of sideways consolidation. This latest crossover mirrors a similar event in early July, which preceded a surge toward XRP’s all-time high of $3.65.
Now, market conditions show familiar patterns: price action is stabilizing after a pullback, the MACD histogram has flipped positive, and short-term momentum appears aligned with the broader uptrend.
On higher timeframes like the daily chart, such signals tend to carry more weight, filtering out short-term market noise. Traders often pair the MACD with price structure and volume analysis to assess the likelihood of sustained moves.
Market Context and Key Levels to Watch
The bullish MACD shift comes as XRP continues a recovery phase following early August’s dip. Whether the momentum translates into a breakout will depend on market liquidity, order book strength, and overall sentiment.
For confirmation, traders are eyeing increased volume, along with the formation of higher highs and higher lows — signals that the rally could be gaining traction.
Also Read: XRP ETF Approval Odds Soar to 88% After Ripple Lawsuit Win, Analysts See 95% Chance
Eyeing $3.65 and Beyond
The $3.65 mark remains a pivotal resistance level. A clean break above it could set the stage for a much larger rally, with some analysts suggesting a move past $4 could open the door to double-digit prices. Steph’s updated chart hints at such potential, noting that the next few weeks could be “life-changing” for committed XRP holders.
While technical indicators are supportive, traders remain cautious, watching for confirmation before committing to positions. Still, the bullish MACD crossover provides a clear signal that momentum is shifting — and XRP’s next move could prove decisive.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
