XRPUSD price action finally above the weekly 21 MA and 50 SMA

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The XRPUSD price action is finally above the two important simple moving averages ( SMA ) in the weekly chart: The 21 SMA in blue and the 50 SMA in yellow. This shows a possible buy signal at this point in the price action which might provide buying pressure to break out the symmetric triangle in white. As shown in previous years in this chart, during the previous bull run, the XRPUSD price action always remained above the weekly 21 SMA and 50 SMA .