🚨 Attention, XRP enthusiasts! 🚨 The long-awaited golden cross has finally been confirmed, and it’s got us all asking: “What’s next for our favorite altcoin?”
For those who don’t speak crypto, a golden cross is like a green light for a bull run. It happens when the nine-day moving average in the MA Cross indicator flips the 21-day moving average, signaling a potential rally. And wouldn’t you know it, XRP is currently trading up by 3.79% at $2.43, just above the $2.40 level indicated by the golden cross.
XRP had previously hit a peak of $2.46 as it attempted to breach the $2.50 resistance level. With the slight volatility, XRP traders are staying active, driving volume up by 87.82% to $5.66 billion. The intense trading activity might support further price increases.
Other technical indicators, such as the Relative Strength Index, are at 65.46, showing that the asset is bullish but not overbought yet. This is another key signal that XRP has room for further growth. If XRP can break through the $2.50 to $2.65 resistance zone, the coin is likely to target $3 next.
However, the current bullish sentiment and momentum in volume have to hold. Growing institutional interest in XRP could support demand and take it higher. The activities of ecosystem whales could also help a push toward their all-time high (ATH) in the coming days.
XRP ETF speculation as catalysts to price momentum
However, there are obstacles to the $3 level. The last time the asset retested the price mark, it triggered considerable selling pressure and rejection. To overcome this, XRP investors, particularly whales, need to resist the urge to take profit.
Current signals from the broader market might indicate positive momentum for the coin. The U.S. Securities and Exchange Commission (SEC) has held a meeting to discuss the Ripple litigation and the way forward.
A resolution of this long-drawn legal battle might pave the way for an exchange-traded fund (ETF) approval, which could impact the price outlook. But let’s not get ahead of ourselves – we all know how unpredictable the crypto world can be. 😉
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2025-07-10 16:21