XRP's Breakout Potential: Golden Cross Sparks Bullish Hopes

XRP's price action has caught traders' attention, surging 367% against Bitcoin since November at its peak. Now, a major technical indicator has emerged—a golden cross on the weekly chart. This occurs when a shorter moving average, like the 23-day, crosses above a longer one, such as the 200-day, often signaling bullish momentum.

Currently, XRP trades at 0.000026 BTC, up 33.8% in the last 24 hours amid a broader market shakeup. While the token remains far from its all-time high against BTC (0.00025 BTC in May 2017), returning to that level could push its price to $24.70 per XRP.

Reaching such a milestone would require XRP's market cap to exceed $1 trillion—a steep climb but not impossible. In just two months, XRP previously skyrocketed 650% from $0.55 to $3.40, propelling its market cap to nearly $200 billion.

Despite the golden cross, crypto markets remain unpredictable. Factors like investor sentiment, economic shifts, and regulatory developments will determine whether this rally sustains. While history shows that technical signals can spark bullish runs, momentum alone isn’t enough to guarantee long-term gains.

With XRP's price action heating up, traders are watching closely. Will this golden cross be the start of a massive breakout or just another fleeting moment in crypto’s volatile cycle? Only time will tell.