XRP Hits Six-Week High as Guppy Indicator Signals Further Gains

XRP surged to its highest price since May 23, reaching $2.83 during early U.S. trading hours on Wednesday, according to CoinDesk data.

The rally coincided with a bullish signal from the Guppy multiple moving average indicator. This technical tool uses two sets of exponential moving averages (EMAs): six short-term EMAs ranging from 3 to 15 days that track immediate market trends, and six long-term EMAs spanning 30 to 60 days that reflect broader price direction.

A bullish crossover occurs when the short-term EMAs rise above the long-term EMAs, signaling a shift in momentum. Such a crossover has appeared on XRP’s daily chart, suggesting that the path of least resistance now points higher.

The technical pattern indicates the potential for XRP to rally toward $2.649, the high last seen on May 14.