XRP dominance has broken a significant long-term trendline and surpassed the 50-day simple moving average (SMA), indicating a potential rally setup. This breakout coincides with the 50 SMA turning upward, suggesting a possible shift in market dynamics. Traders are watching closely, as a similar pattern previously led to a sharp increase in XRP dominance. The current setup mirrors conditions seen before a strong rally after a three-month decline, attracting attention from those tracking structural cycles.
XRP Dominance Breaks Key Trendline, Signals Potential Rally
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
