Guppy Indicator Flags More Upside as XRP Taps Fresh 45-Day High: Chart Analysis

XRP Surges to Six-Week High as Guppy Indicator Flashes Bullish Signal

XRP jumped to its highest level in six weeks, reaching $2.83 during early U.S. trading on Wednesday, according to data from CoinDesk.

The price increase comes alongside a bullish reading from the Guppy multiple moving average indicator, a tool that tracks market trends using groups of exponential moving averages (EMAs). This indicator features two sets of EMAs: six short-term averages ranging from 3 to 15 days that monitor immediate price action, and six long-term averages spanning 30 to 60 days that reflect broader market trends.

A bullish crossover occurs when the short-term EMAs rise above the long-term EMAs, signaling growing upward momentum. That crossover has now appeared on XRP’s daily chart, suggesting the market bias is leaning bullish.

Technical analysis suggests that if this momentum persists, XRP could aim for $2.649, a level last reached on May 14.