XRP Breakout Signals Potential Trend Reversal as Price Surges Above Key Resistance

XRP's price has broken above key resistance levels, driven by strong buying momentum and heavy short liquidations. This move is signaling a potential trend reversal as the cryptocurrency rebounds from its recent slide.

According to technical indicators, XRP's position above both the 50-period and 200-period simple moving averages marks a notable shift in bias. The Relative Strength Index (RSI) stands at 78.18, firmly in overbought territory, while the Moving Average Convergence Divergence (MACD) shows expanding bullish momentum.

However, with RSI elevated and price stretched above the upper Bollinger Band, a period of consolidation or pullback toward the $1.40 area would not be unusual before the next directional move develops. If XRP can maintain acceptance above the $1.43–$1.44 zone, the breakout could extend as short-covering pressure subsides and buyers attempt to establish higher support.