XRP Flashes Bullish Signals as Wave 5 Progresses and SuperTrend Turns Green

XRP is showing renewed bullish momentum as two prominent analysts highlight key technical signals aligning on the chart.

In the ever-shifting landscape of cryptocurrency, technical analysis plays a crucial role in deciphering the market's direction. As XRP is showing renewed bullish momentum, two prominent analysts are highlighting key technical signals that align on the chart.

According to Ali Martinez, the SuperTrend indicator has just flashed a buy signal for XRP, suggesting a potential continuation of the recent upside move. The indicator flipped after XRP broke above resistance near $2.36 — a level also noted by other analysts as critical.

Good morning traders, ☕️

Another day, another cryptocurrency. Today's pick is #XRP, as the SuperTrend indicator just flashed a buy signal.

After several months of bearish trends, the SuperTrend indicator has finally flipped to green on the weekly chart.

This follows XRP’s breakout… pic.twitter.com/eG15719a2v

— Ali Martinez (@ali_martinez8) August 24, 2024

Meanwhile, Dark Defender provides further confirmation, stating that XRP’s weekly breakout above $2.22 and correction to $2.07 aligns with expectations. The token is now back on track, with Monthly Wave 5 in full motion and targeting a move toward $5.85–$6.39.

“Weekly RSI will turn bullish this week,” Dark Defender noted, supporting the wave structure and signaling continued strength.

#XRP

Weekly breakout and correction done. Back on track now with Monthly Wave 5 in full motion.

• Breakout level: $2.22

• Correction level: $2.07

• Next resistance: $2.36 (previous support)

• Wave 5 target: $5.85–$6.39

• Weekly RSI will turn bullish this week. pic.termix.dev/posts/158240

— Dark Defender (@Dark_Defender) August 24, 2024

Both analysts agree that while some volatility may occur along the way, the technical foundation is setting up for further upside, setting the stage for an interesting continuation of XRP’s price journey.output: