XRP (CRYPTO: XRP) surged 9% on Wednesday while Cardano (CRYPTO: ADA) exploded 15% as both altcoins attempt major trend reversals.
XRP Tests Breakout
XRP is pressing against the upper boundary of a multi-week descending wedge with today’s high at $1.4747.
The market sits at an inflection point—bulls show clear intent, but sellers defend the trendline with visible aggression.
Price reclaimed the 20, 50, and 100 EMAs in a single session, now trading above $1.3872, $1.4039, and $1.4424 respectively.
The 200 EMA at $1.5473 sits just overhead as the next major target. The Parabolic SAR flipped to $1.3225 well beneath current price, reinforcing the short-term bullish momentum shift.
However, the …