XRP has now reclaimed its 20-4H EMA (green) and is testing the 50-4H EMA (blue) near $1.07. Holding above these short-term exponential moving averages would strengthen the view that the accumulation phase is ending.
The next major upside target sits near the 200-4H EMA around $1.14–$1.15, which also aligns with the chart’s projected breakout arrow.
XRP’s relative strength index (RSI) has climbed to about 64, showing improving buying pressure without yet flashing extreme overbought conditions. Volume also expanded during the latest push, suggesting fresh demand behind the move.
A clean four-hour close above $1.10 would confirm follow-through toward $1.15. Failure to hold $1.07, however, would weaken the setup and risk another pullback toward the $1.04 rounded-base support.
Macro Signals Help XRP Rebound
XRP’s rally has also tracked an improvement in broader macro signals, with traders rotating back into risk assets as pressure from the US dollar and Treasury yields eases.
Source: Original Article
