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XRP reaches a high not seen in 45 days──GMMA suggests further rise | CoinDesk JAPAN
This movement occurred while the GMMA (Guppy Multiple Moving Average) was signaling a bullish signal. The banded indicator GMMA consists of six short-term exponential moving averages (EMAs) ranging from 3 to 15 days, indicating short-term trends, and six long-term EMAs ranging from 30 to 60 days, indicating long-term trends.
As seen in the XRP daily chart below, when six short-term moving averages cross above the long-term moving average, a bullish signal is generated.
| Translation & Editing: Rina Hayashi | Image: TradingView |Original: XRP Hits 45 Day High With ‘Guppy’ Momentum Indicator Pointing to More Gains Ahead: Technical Analysis