๐จ $XRP Trend Update ๐จ
Crypto analyst Steph Is Crypto highlights a key breakout on the 2-day XRP/USDT chart (Bybit).
๐ XRP has moved back above the trend ribbon (levels ~2.96โ2.97), a signal traders often watch closely.
๐ His chart circled two breakouts:
1๏ธโฃ July breakout โ sideways consolidation โ strong rally.
2๏ธโฃ Now โ XRP crosses ribbon again after weeks below.
โก If momentum holds, this could mark a short-to-midterm shift in XRPโs outlook.
โจ Interpreting the Trend Ribbon
The trend ribbon combines moving averages to represent momentum:
โ
Price above the ribbon = favorable signal
โ Price below = weaker outlook
On the XRP 2-day chart, candles are now pushing through the ribbon and holding above it โ a sign of strength.
๐ Analyst Steph Is Crypto sees this breach as significant, pointing back to Julyโs breakout that triggered a strong upward move. While the ribbon itself isnโt predictive, it often signals when traders may reassess momentum.
โจ Market Outlook
XRPโs move above the ribbon could attract momentum-focused traders.
Julyโs breakout โ stronger price action followed.
But remember: sentiment, liquidity, and external factors can override technicals.
๐ Stay ahead. Trade smart.
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