XRP reaches a high not seen in 45 days──GMMA suggests further rise | CoinDesk JAPAN

• XRP rose to $2.4, reaching its highest level since May 23.
• GMMA suggests further rise in the future.

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.

[XRP Chart (TradingView)]The bullish cross shown by GMMA indicates that the path of least resistance is currently in the upward direction, and there is a possibility of rising to the high of $2.649 (approximately 380 yen) recorded on May 14.

| Translation & Editing: Rina Hayashi | Image: TradingView ｜Original: XRP Hits 45 Day High With ‘Guppy’ Momentum Indicator Pointing to More Gains Ahead: Technical Analysis