While headlines focused on regulatory issues and potential ETF approval for XRP, the altcoin has quietly broken above a key technical level, indicating potential bullish sentiment.
Technical analysis suggests that crossing the middle line of the Bollinger Bands on the daily chart – often interpreted as a moving average reference point – is confirmation for bulls. This movement signals a shift in market sentiment towards optimism, particularly after XRP’s recent rally and cooldown phase following a significant surge in late 2024.
The price has climbed above $2.1 this week, suggesting that a higher base could be forming. Additionally, the weekly chart shows XRP is still in a post-rally cooldown phase, and crossing the middle line might be a sign of confirmation for bulls. This subtle movement may signify a turning point for the altcoin.