Analysis: Further upside for XRP seen as technically viable

A recent U.Today report examined XRP's potential for further gains after it broke above $2.80 and surged past $3.50. The path to $5 is seen as technically viable if the price holds above $3.30 and volume rebounds. The 50, 100 and 200 exponential moving averages (EMAs) are now in a bullish alignment, with major resistance levels cleared. The former consolidation between $2.40 and $2.80 now acts as strong support. Price action has narrowed just below the recent high, a setup often preceding another upward leg in trending markets. However, activity has tapered off since reaching $3.50, and renewed trading volume will be key for the next breakout.