Crypto news report · source clearly identified
XRP Breaks Bearish Crossover, Closes Above Key Moving Averages
After a month trapped under a bearish crossover, XRP closed above both its short‑term moving averages for the first time since the pattern formed, signaling a potential shift in momentum.
Ripple’s native token xrp-xrp">XRP ended August stuck below a bearish moving‑average crossover. On the latest trading session the coin closed above both the 50‑day and 200‑day moving averages, marking the first such close since the pattern emerged.
Technical shift after a month of pressure
The bearish crossover, which had kept XRP under pressure throughout August, was finally broken as the token posted a close above the two key averages. This move suggests a possible reversal of the short‑term downtrend.
Price impact
At the time of reporting, XRP was trading around $1.48, up 5.9% on the day. The price gain coincided with the technical breakout, providing traders with a fresh signal to watch.
What to monitor next
- Whether XRP can sustain above‑average support in the coming sessions.
- Potential follow‑through on higher timeframes if the bullish momentum continues.
- Volume trends that could confirm the strength of the breakout.
Source & attribution
News Source
- Publisher
- Decrypt
- Original date
- August 21, 2026, 3:39 PM
- Original headline
- XRP Erases Its Most Bearish Signal—And the Ripple-Linked Coin Is Flying