XRP recently surged to $2.83, marking its highest price since May 23. This increase is attributed to the Guppy multiple moving average indicator, which flashed a positive signal suggesting further price gains may be on the horizon. The Guppy indicator includes twelve exponential moving averages, six short-term and six long-term, which are used to assess both short-term and long-term trends. The bullish crossover, where short-term averages surpass long-term ones, indicates the potential for a continued rally. Analysts suggest XRP could rise to $2.649, the high recorded on May 14, as the overall trend appears to be shifting upward. This analysis was conducted by CoinDesk's Omkar Godbole, who has previous experience focusing on currency markets and holds various cryptocurrencies.

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