$XRP  Price Breaks Key Level That May Turn Ultra Bullish Mode On

The popular cryptocurrency XRP has just crossed above the critical 200-day moving average (200-MA) on its weekly price chart, a technical indicator that serves as an important barometer of market momentum and trend direction.

This impressive bullish move, catalyzed by an 8.47% increase since Monday, has seen the price of XRP rise from $0.5871 to the current level of $0.638. It is worth noting that this upward trajectory was not entirely unexpected; in fact, market analysts had been hinting at a strengthening bullish outlook since the beginning of the week.