đš $XRP Trend Update đš
Crypto analyst Steph Is Crypto highlights a key breakout on the 2-day XRP/USDT chart (Bybit).
đ XRP has moved back above the trend ribbon (levels ~2.96â2.97), a signal traders often watch closely.
đ His chart circled two breakouts:
1ïžâŁ July breakout â sideways consolidation â strong rally.
2ïžâŁ Now â XRP crosses ribbon again after weeks below.
⥠If momentum holds, this could mark a short-to-midterm shift in XRPâs outlook.
âš Interpreting the Trend Ribbon
The trend ribbon combines moving averages to represent momentum:
â
Price above the ribbon = favorable signal
â Price below = weaker outlook
On the XRP 2-day chart, candles are now pushing through the ribbon and holding above it â a sign of strength.
đ Analyst Steph Is Crypto sees this breach as significant, pointing back to Julyâs breakout that triggered a strong upward move. While the ribbon itself isnât predictive, it often signals when traders may reassess momentum.
âš Market Outlook
XRPâs move above the ribbon could attract momentum-focused traders.
Julyâs breakout â stronger price action followed.
But remember: sentiment, liquidity, and external factors can override technicals.
đ Stay ahead. Trade smart.
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