XRP Poised for Bullish Surge as Golden Cross Nears Completion

XRP is showing strong signs of a potential upward breakout as technical indicators suggest a major bullish shift on the horizon. The focus is currently on the formation of a golden cross involving short- and medium-term moving averages, which could confirm a long-awaited revival in market momentum.

One of the key developments is the 50-day exponential moving average (EMA) preparing to cross above the 100-day EMA. If this alignment materializes, it would further reinforce XRP’s existing bullish structure. This technical pattern is typically regarded as a strong signal indicating that the asset is gaining momentum and could be entering the final stage of a rally.

Recently, XRP experienced a breakout, moving past resistance at $2.40 and later at $2.80, quickly surging toward the $3.50 level. This run was accompanied by large bullish candlesticks and substantial trading volumes, underscoring positive investor sentiment. However, since reaching that local peak, trading volume has gradually decreased—a trend that could pose a threat to sustained gains unless reversed by renewed market participation.

Despite this potential setback, the overall technical structure still favors the bulls. Notably, the 50-day EMA already surpassed the 200-day EMA recently, which in combination with a 50/100 EMA cross, strengthens XRP’s bullish trajectory. This alignment is rare and often viewed as a precursor to broader market reversals and sustained upward movement.

A glance at the Relative Strength Index (RSI) offers further insight. The RSI currently stands above 85, placing XRP in overbought territory. While this might raise concerns of a possible cooldown, such levels aren’t necessarily indicative of an immediate reversal. Instead, they often precede brief consolidation phases before the trend continues in the same direction.

For XRP bulls, two developments are particularly crucial moving forward. First, trading volume needs to pick up again to sustain upward momentum and enable a push beyond the next psychological level of $3.60. Second, traders will be watching for the finalization of the 50-day crossing above the 100-day EMA, a move that would solidify bullish confidence in XRP’s future outlook.

If these conditions align, XRP could soon face its next major test at the $4 mark. This depends somewhat on broader market trends and sentiment, but the stage is set technically for a significant continuation higher if momentum holds steady.

XRP remains one of the top assets to watch, with its unique setup offering a promising confluence of high-level technical indicators. Traders and investors eager for stronger signals may not need to wait much longer, as this anticipated golden cross could mark the beginning of another significant leg up.

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

For XRP holders and market enthusiasts, the focus now shifts to how this technical setup plays out over the coming sessions. The combination of constructive price action, favorable moving average alignment, and supportive market momentum could bring XRP back into the spotlight in a big way.