What to Know:
- XRP is set for a bullish rally towards $3.98–$4.32 in the near term, as signaled by an RSI golden cross.
- There is a reduced level of profit-taking, indicating an increased holder conviction ahead of impending ETF decisions in October.
- The momentum is tilting in favor of the bulls as XRP marches back above the crucial $3 mark.
Ripple’s XRP, regaining its position above the significant $3 mark, is fuelling speculation of another monumental surge. This bullish expectation is reinforced by a recurrent technical signal on its multi-day chart.
RSI golden cross signals 30-40% XRP rise next
XRP’s 3-day relative strength index (RSI) has recently presented a golden cross, with the indicator closing above its 14-period moving average. This shift suggests momentum is swinging back to the bulls’ side.
The price of XRP has historically seen significant increases following the occurrence of an RSI golden cross. For instance, the Ripple asset experienced a 75% increase a month after the cross in June, while it saw rises of 28% and an astonishing 575% after similar occurrences in April and November of the previous year.
The recent crossover is accompanied by XRP retesting its support at the 50-period exponential moving average (EMA). This level has consistently been associated with previous RSI golden cross rallies.
Owing to the confluence of the $3 breakout, 50-period EMA support, and RSI crossover, the likelihood of XRP rising toward the 1.0 Fibonacci retracement level at $3.39 in the coming month is high, marking an 11% increase from current levels.
If XRP can decisively close above $3.39, the XRP/USD pair might further surge toward the 1.618 Fibonacci extension level, situated near $4.32, representing an approximate 40% increase, by late fall.
Another optimistic setup, a descending triangle breakout, suggests a $3.98 target—up 30% from current prices—as XRP ascends above the pattern’s upper trendline, further bolstering the RSI golden cross signal.
XRP profit-taking becomes less severe
The recent XRP rally above $3 hasn’t provoked the same level of extreme profit-taking that characterized previous bull market peaks, as shown by on-chain data.
The percent supply in profit—the portion of circulating XRP trading above its cost basis—has remained high and relatively stable since the November 2024 breakout, Glassnode data reveals.
In earlier cycles, spikes toward 90–100% profit levels often synchronized with rapid sell-offs and sharp drawdowns. This time around, however, XRP holders seem to be showing more restraint.
This steadiness implies that long-term investors are less keen to cash out in the short term, indicating a stronger conviction in the ongoing trend, especially in light of multiple XRP ETF decisions expected in October.
While every investment and trading move involves risk, and individual research is recommended for decision making, the current bullish indicators suggest that XRP investors and traders have a potentially profitable period ahead.
