XRP Reaches 45-Day Peak Following Bullish Guppy Indicator Insights

XRP achieved a new high of $2.83 during the early hours of trading in the United States on Wednesday, marking the highest point since May 23. The rise came as the Guppy multiple moving average showed indicators pointing towards more increases to come.

Key Highlights:

• XRP’s price surged to $2.83.
• The Guppy indicator suggests potential future gains.

A bullish trend is indicated by the Guppy moving average, a tool comprising multiple short-term and long-term exponential moving averages. When the shorter averages cross above the longer ones, it reflects a strong bullish signal. The daily XRP chart demonstrates this pattern, hinting at an upward trajectory amidst current market conditions.

XRP chart

As the analysis suggests, XRP might see a rally toward $2.649, the peak reached on May 14.