$XRP: Bullish Structure Improving, But Work Still to Do

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$XRP: Bullish Structure Improving, But Work Still to DoXRP / TetherUSBINANCE:XRPUSDTDukesMarketAnalysisBulls Break Resistance XRP has broken above the $1.0777 resistance area, with this former resistance now the next key support if price pulls back. EMAs Turn Bullish The 100/50-period EMAs have only just bullishly crossed, adding further weight to the improving short-term structure. $1.1125 Support Holds Price has found buyers around $1.1125, with a strong bullish 4-hour candle helping XRP push back towards the highs. Momentum Remains Constructive Buying volume is picking up, while the RSI has worked off overbought conditions and remains bullish above 50. Still Work to Be Done The bulls now need to break above $1.1696 and the recent $1.1843 high to confirm another leg higher. In Summary XRP continues to look stronger after breaking above $1.0777, with the 100/50-period EMAs only just bullishly crossing. Price has found support around $1.1125, while buying volume is picking up and the RSI has worked off overbought conditions. The short-term structure remains bullish, but there's still work to be done. A break above $1.1696 and the recent $1.1843 high would add further weight to the bullish case and open the door to further upside.