XRP Hits 45-Day High as Guppy Momentum Points to More Upside Potential

What to Know

• XRP climbed to $2.83, marking its highest price since May 23.
• The Guppy Multiple Moving Average (GMMA) indicator shows a bullish crossover, signaling further upside.
• XRP could aim for the May 14 swing high near $2.649 if momentum holds.
• Technical momentum aligns with strong buying interest as altcoin sentiment recovers.

XRP Marks Strongest Price Since May

XRP, the token linked to Ripple Labs, is showing renewed strength in early U.S. trading hours this Wednesday. According to latest charts, XRP reached $2.83 — its highest price since late May — pushing it back into focus as traders look for signs of continued altcoin recovery.

The surge comes amid broader optimism in the crypto market as technical momentum indicators turn positive. While Bitcoin and Ethereum consolidate recent gains, XRP’s sharp move upward is catching traders’ attention, especially as key signals align in favor of more upside.

Understanding the Guppy Multiple Moving Average

One of the most closely watched signals in this move is the Guppy Multiple Moving Average, often abbreviated as GMMA. This ribbon-style indicator uses a series of exponential moving averages (EMAs) to identify short-term and long-term trend alignments.

The GMMA consists of two sets of EMAs:

• Six short-term EMAs (periods of 3, 5, 8, 10, 12, and 15 days)
• Six long-term EMAs (periods of 30, 35, 40, 45, 50, and 60 days)

A bullish Guppy crossover happens when the short-term EMAs push above the long-term EMAs, signaling that near-term buying pressure is overpowering the broader trend resistance. In XRP’s case, this crossover is now visible on the daily chart, suggesting a possible breakout pattern that could carry prices higher if the momentum sustains.

What the Technical Setup Means for Traders

Technical analysts often interpret the Guppy crossover as a reliable signal of shifting market sentiment. In XRP’s case, this pattern points to the “path of least resistance” tilting higher.

XRP’s recent climb to $2.83 confirms that buyers are stepping in aggressively after weeks of sideways action. The immediate upside target is the previous swing high of $2.649 from May 14, which could act as the next key resistance level.

A successful move beyond this zone could open the door to retesting yearly highs — provided broader crypto market conditions remain favorable.

XRP’s Recent Price History

XRP had struggled to sustain rallies in early June, caught between regulatory headlines and a volatile risk backdrop. However, as macro conditions stabilized and crypto markets regained confidence, XRP began forming a stronger base around the $2.50 level.

Since then, higher lows and stronger daily closes have set up the conditions for this week’s push above $2.80. Trading volume has also picked up, reinforcing the breakout narrative.

Broader Market Context: Altcoins Regain Attention

XRP’s fresh momentum comes as altcoins overall are seeing renewed interest. Bitcoin’s recent range-bound action near the $108,000 mark has encouraged traders to rotate into large-cap altcoins that show signs of clear technical breakouts.

The return of positive sentiment in altcoins is visible in rising total market cap figures and improving volume across leading trading pairs. If this trend holds, XRP could continue to benefit from spillover capital flow.

Key Levels to Watch Next

For short-term traders, the critical levels now are:

• Immediate resistance: $2.83 to $2.85
• Next upside target: $2.649 (May 14 swing high)
• Support zone: $2.60 to $2.55, with deeper support near the 50-day EMA if a pullback occurs.

A daily close above $2.83 would strengthen the bullish case, while failure to hold above $2.70 may signal a temporary pause or retracement.

What Could Drive XRP Higher?

Aside from pure technical momentum, traders are also watching for potential catalysts that could add fuel to the rally. Positive regulatory headlines, new adoption announcements from Ripple Labs, or broader ETF market optimism could all help sustain XRP’s upside.

Meanwhile, macro factors like U.S. economic data and interest rate expectations will continue to influence investor appetite for risk assets, including crypto.

Risk Factors to Consider

While the Guppy signal is bullish for now, traders should remember that moving average crossovers can be sensitive to sudden reversals. A surprise dip in Bitcoin or a wider market sell-off could quickly neutralize XRP’s bullish setup.

It’s also important to watch for profit-taking near obvious resistance levels, as swing traders often lock in gains after strong runs.

Final Thoughts: XRP Outlook Into July

XRP’s breakout above recent range highs shows that the bulls have regained short-term control. If volume continues to back the rally and the Guppy averages maintain their positive alignment, XRP may challenge its May highs and attempt to push toward the $3 psychological level.

However, traders should stay alert for sudden shifts in sentiment and keep an eye on broader crypto flows.

For more XRP price forecasts and daily technical insights, click here

Frequently Asked Questions (FAQ)

What is the Guppy Multiple Moving Average in crypto trading?

The Guppy Multiple Moving Average (GMMA) is a trend-following technical indicator that uses a set of short-term and long-term exponential moving averages (EMAs). When the short-term EMAs cross above the long-term EMAs, it can signal a shift from a bearish to a bullish trend, suggesting stronger buying momentum.

Why did XRP price hit a 45-day high?

XRP surged to $2.83, its highest level since May 23, thanks to a bullish crossover in the Guppy indicator and improving sentiment in the broader altcoin market. Traders see this as a sign that XRP could climb toward its previous swing highs if momentum holds.

What is the next resistance level for XRP?

The next major resistance level for XRP is around $2.649, which was the high recorded on May 14. A breakout above this level could open the door to retesting the $3 mark if market conditions remain supportive.

Is XRP expected to keep rising?

Technical analysis suggests that XRP has room to climb higher, especially if the Guppy momentum remains intact and altcoin sentiment stays positive. However, crypto prices are volatile, and traders should watch for possible pullbacks if broader markets turn risk-off.

How does Bitcoin price affect XRP?

XRP and other altcoins often follow Bitcoin’s lead. When Bitcoin is stable or consolidating, traders tend to rotate funds into altcoins with strong technical setups like XRP. If Bitcoin dips sharply, it can trigger profit-taking across the crypto market, including XRP.