XRP Set for 20% Surge as Technical Pattern Takes Shape

XRP is on the verge of a potentially significant breakout, driven by a developing technical pattern that could see the cryptocurrency gain as much as 20%. Market analysts are closely watching the indicators, especially as XRP recently rose above the crucial $2.36 level, signaling renewed bullish momentum.

What has captured attention is XRP’s interaction with its moving averages. The asset has managed to rise past both its 200-day and 50-day moving averages – a move that often precedes major upswings. Notably, the 23-day moving average is climbing quickly and nearing a crossover point with the 50-day line. If it crosses from below, forming what’s known as a golden cross, historical patterns suggest a substantial rally could follow.

Currently trading around $2.43, XRP recently broke through a strong resistance zone with conviction, not just edging past it—this kind of movement indicates powerful buying momentum. The upward trend appears structurally strong, underpinned by higher lows and layered support from key moving averages, all indicating that XRP’s bullish momentum is not exhausted just yet.

Another point of technical strength is seen in the Relative Strength Index (RSI), which is now hovering just above 67. This reading points to positive sentiment among traders while still offering space for further bullish movement before XRP becomes overbought. The momentum appears poised to fuel another leg up, potentially targeting the $2.90 to $3.00 range — levels that capped the rally seen earlier in April and represent roughly a 20% increase from recent prices.

If XRP manages to complete the golden cross and sustains momentum, it may easily rally into that upper resistance range. However, traders should remain cautious of potential reversals. A drop below the $2.36 level or a noticeable decline in trading volume could invalidate the bullish setup, leading to a period of consolidation or even a downturn.

Despite these risks, current indicators align with a favorable scenario for XRP. With its price already above significant moving averages and the golden cross almost formed, just a few more bullish candles could spark the next major impulse move. Investors are watching this closely as the setup continues to unfold.

For now, XRP holds the spotlight in the crypto market with traders looking for confirmation of this potentially game-changing signal. If all elements align, a 20% upward move could materialize faster than expected, making XRP one of the key assets to watch in the near term.

Related: XRP Price: $12M Max Pain for Bears

It’s a defining moment for Ripple’s token. As technical conditions tighten around a pivotal crossover, XRP could be standing at the edge of its next major rally. With upward momentum visible across multiple indicators, XRP is building a strong case for bullish continuation in the days ahead.