In his video, crypto analyst Steph also talked about the importance of the 50-week simple moving average (SMA), which is currently around $2.45. Closing below this line has marked the start of bear markets for XRP. If we see one or two weekly closes below $2.40, then that’s a signal to exit crypto.
The bullish prediction, one that could even lead XRP to new all-time highs, depends on if it manages a weekly close above $2.4, breaks above $2.65 and its 50-week SMA, and sustains buying strength. At the time of writing, XRP is trading at $2.52, up by 2.6% in the past 24 hours.
