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XRP traders are closely watching the charts as a key bullish technical pattern has just appeared. On the eight-hour chart, the 23-day moving average crossed above the 50-day, forming a golden cross. This setup, often seen as a strong bullish signal, has not occurred for XRP in some time. Historically, the last time this pattern appeared, the price did not stay range-bound for long.
Over the past several weeks, XRP traded between $2.70 and $3.07, with every bounce capped and every dip absorbed, signaling a market waiting for a trigger. The repeated defense of the $2.70 level, aligned with the 200-day moving average, has been crucial. Even amid Bitcoin’s volatility caused by U.S. economic data, XRP managed to hold its ground, keeping bullish hopes alive.
Now, attention is shifting to the $3 zone, where an order block has emerged. Breaking above this area could open the path to $3.30 and $3.40, levels that would significantly clean up XRP’s recent choppy structure. If momentum builds, XRP could finally break free from its prolonged sideways action and ignite a stronger bullish move.
The golden cross alone does not guarantee a rally, but combined with resilient support and improving technical signals, it increases the likelihood of an upside breakout. Traders are closely monitoring these levels, as XRP’s chart suggests the potential for renewed momentum after weeks of stagnation.
With bullish sentiment growing, XRP’s latest golden cross could mark the beginning of an exciting phase for the cryptocurrency, offering traders and investors an opportunity to capitalize on a long-awaited breakout.
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