🔥 According to U.Today Analytics: $XRP on Verge of Bull Market Again?

XRP may finally be on the brink of a recovery since the price had established a foothold above the 50-EMA resistance level of the asset. With that being said, there is the chance for a further breakthrough; however, in one way or another, it lacks momentum. XRP price market outlook: Currently, the price action of XRP has found a lot of promise in recovery after the break above the 50-day exponential moving average. This move showed a changing market sentiment given that the 50 EMA will most probably determine whether XRP is in a short-run uptrend or downtrend. These are bullish steps but with stiff hurdles above $0.55 and $0.60.

The RSI is above the neutral level of 50, suggesting that there is no specific strong buying or selling pressure taking place around this area. In a state like this, the RSI means that the recent gains are welcome but without robust momentum to confirm a sustained uptrend.

Overall, the market sentiment for XRP can be regarded as cautiously optimistic. Investors are waiting for much-needed buying interest to confirm the strengthening of the uptrend. The trading volume at current trading positions is also somewhat stable, but not enough.

At the moment of report, $XRP is trading:

- $0,52827 on KuCoin exchange

- $0,52840 on WhiteBIT exchange

- $0,5277 on OKX exchange