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After several months of struggle, XRP has finally overcome the 50-day EMA resistance. This breakthrough, coupled with increasing trading volume, suggests a potential reversal of the downtrend.
Ethereum's price has also surged, exceeding $2,600 and all significant EMAs, signaling increased buying interest and positive market sentiment.
Dogecoin is rallying above its 26-day EMA amid bullish volume, potentially marking the end of a prolonged downtrend and indicating a short-term rebound.
XRP's Technical Breakout
XRP has experienced a significant technical breakout, closing above its 50-day EMA, a level that has hindered its progress since early 2025. This development indicates a possible shift in market sentiment following a period of stagnation. XRP's breach of this resistance level suggests a departure from the tight range it has been confined to for several months.
The move above the 50-day EMA was supported by a notable increase in trading volume, lending credibility to the breakout. With XRP closing above $2.28, it is now under close observation by traders. Market data suggests that this bullish trend is not merely a short-term fluctuation but rather reflects broader market engagement and interest.
Continued Bullish Momentum for XRP
The Relative Strength Index (RSI) has risen to 57, indicating growing buying strength. As XRP trades above all major moving averages, a "golden cross" formation may occur if shorter-term averages cross above the longer-term ones. The 100-day and 200-day EMAs remain within reach. Following such a move, a push towards the $2.50 region may soon materialize, followed by a test of the psychological resistance level at $3.
Source: TradingView
Dogecoin and Ethereum Show Positive Signs
Dogecoin is also showing signs of recovery, rising above its 26-day EMA, a level it struggled to surpass during the decline in June. This development was supported by a 2.3% daily increase and improved trading volume. The RSI has climbed to 51, moving DOGE out of oversold territory and into a more neutral zone. Resistance is currently estimated in the $0.19-$0.20 range, with the convergence of the 50-day and 100-day EMAs serving as a potential key test.
Ethereum has recorded its most significant breakout in months, exceeding $2,600 and surpassing the 50-day, 100-day, and 200-day EMAs. This rally follows a period of subdued trading and signals a resurgence of bullish sentiment. The RSI has increased to 58, and traders are now eyeing the next major level at $3,000. A potential retracement to the $2,500 level could serve as confirmation of the upward trend.