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

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 3 years long symmetric triangle in white, targeting at least 0.4 - 0.6 dollars. As shown in previous years in this chart, the XRPUSD price action always remained above the weekly 21 SMA and 50 SMA during the previous bull run.