{"id":538004,"date":"2023-06-14T23:22:51","date_gmt":"2023-06-14T23:22:51","guid":{"rendered":"https:\/\/uniquehot.com\/?p=538004"},"modified":"2024-06-11T07:45:40","modified_gmt":"2024-06-11T07:45:40","slug":"xrp-bullish-trend-strengthens","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-bullish-trend-strengthens\/","title":{"rendered":"XRP Bullish Trend Strengthens, Why A Breakout Could Be Just Weeks Away"},"content":{"rendered":"
The number sixth ranked cryptocurrency by market cap, XRP, is showing signs of a strengthening bullish trend according to a technical indicator designed to measure the underlying power behind price movements.\u00a0<\/span><\/p>\n Historically, when a particular signal appears on the monthly timeframe, a breakout occurs and sends the coin soaring higher.\u00a0<\/span><\/p>\n XRP is still stuck at the center of a legal battle with the SEC, but technicals are potentially pointing toward a positive outcome in the case. That is according the Average Directional Index, which shows a strengthening bullish trend on weekly timeframe.\u00a0<\/span><\/p>\n The ADX was created by J. Welles Wilder, Jr. who also developed the Relative Strength Index, Parabolic SAR, and Average True Range. It was designed to gauge trend strength.\u00a0<\/span><\/p>\nXRP Trend Strength Rises Above Key Level As Bulls Get Bold<\/h2>\n