XRP Bullish Setup: Golden Cross Signals Potential Rally

XRP is showing signs of bullish momentum as it trades around $2.40, setting the stage for a potential breakout. 

XRP  Chart (Source Trading View)

Traders and analysts are closely watching the charts, particularly the 1-hour time frame, where a Golden Cross is currently forming.

What’s Happening?

A Golden Cross occurs when a short-term moving average crosses above a long-term moving average, typically signaling a shift toward bullish market sentiment. In XRP’s case, this formation on the 1-hour chart could indicate a short-term rally is building.

At the same time, the Relative Strength Index (RSI) remains in a neutral zone, suggesting that the asset is neither overbought nor oversold. This means there is still room for buyers to push the price higher without immediate risk of a reversal due to exhaustion.

Key Level to Watch: $2.50

The $2.50 resistance level is a critical point. If XRP manages to break and hold above this threshold, it could confirm the bullish pattern and trigger a wave of buying pressure, possibly driving the price toward higher targets in the short term.

Conclusion

With a neutral RSI, an emerging Golden Cross on the 1-hour chart, and XRP steadily hovering around $2.40, the technical outlook leans bullish. A confirmed breakout above $2.50 could be the catalyst for the next upward leg in XRP’s price action.

Stay tuned and watch this key level closely. The bulls may be gearing up.

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