XRP Price Targets Golden Cross Amid $3B Volume Surge — Is a Breakout to $2.65 Next?
XRP Climbs Toward Golden Cross as Volume Hits $3 Billion — What Traders Should Watch
XRP is back in the spotlight, trading above $2.20 for a second consecutive day as its 24-hour trading volume surged by 14%, hitting the $3 billion mark. This spike in activity has sparked speculation about a potential bullish breakout, with technical signals aligning for what could be a pivotal move.
Among those signals: a possible golden cross formation on XRP’s Exponential Moving Average (EMA) lines—a historically bullish indicator that occurs when a short-term average crosses above a long-term one. If confirmed, this could fuel a sustained rally for the asset.
RSI Shows Room to Run
XRP’s Relative Strength Index (RSI) is currently at 61.6, placing it in the sweet spot—above neutral but below the overbought threshold of 70. This suggests healthy bullish momentum with more potential upside before overbought conditions set in.
An RSI reading in this range typically reflects a market that still has room to rally without tipping into excess. For traders, this implies XRP might continue gaining in the short term without the immediate risk of a pullback due to overextension.
Ichimoku Cloud Signals Trend Strength
The Ichimoku Cloud—a popular technical indicator for trend analysis—is also flashing bullish. XRP’s price candles are trading well above the key Tenkan-sen (red) and Kijun-sen (blue) lines. The Tenkan-sen is outpacing the Kijun-sen, indicating upward momentum.
More importantly, the cloud ahead (Senkou Span A and B) is green and appears to be thickening, suggesting strong support for continued gains. This setup not only confirms current bullish sentiment but also signals the trend could strengthen in the coming days.
$2.35 Resistance in Focus as Golden Cross Nears
XRP’s EMA lines are inching closer to forming a golden cross, a signal often followed by increased buying interest and price acceleration. If the crossover occurs, XRP could soon challenge the resistance at $2.35.
Breaking through this level could pave the way for further gains, potentially pushing the price toward $2.47 and even $2.65 if momentum persists.
But there’s a caveat—$2.26 remains a crucial support level. If XRP slips below it, the bullish setup may falter. A breakdown could send the token back toward $2.05, erasing recent gains and resetting market sentiment.