Usman Salis
XRP is gearing up for what could be a massive rally as technical indicators show the final golden cross formation taking shape, with the cryptocurrency already breaking past $3.50 and eyeing the $4 level.
XRP Price Breaks Key Resistance as Bulls Take Control
Something big is happening with XRP right now. The coin just smashed through major resistance levels at $2.40 and $2.80 like they weren't even there, and now it's sitting pretty near $3.50. What's got traders really excited though is this golden cross that's about to happen - the 50 EMA is getting ready to cross above the 100 EMA, and when that happens, it usually means the party's just getting started.
The charts are looking pretty sweet right now. XRP has been printing these massive green candles with serious volume behind them, which is exactly what you want to see in a proper bull run. We're talking about the kind of move that makes people sit up and take notice.
But here's the thing that's got some folks a bit worried - the volume has been dropping off since we hit these highs. That's not ideal because usually when a coin is really going to the moon, you want to see volume staying strong or even increasing. Without fresh buyers jumping in, XRP might struggle to keep pushing higher or could even see a quick pullback.
XRP Price Action Shows Rare Technical Setup
Here's where things get really interesting though. The moving averages are lining up in this perfect bullish formation that you don't see very often. A few weeks back, the 50-day EMA already crossed above the 200-day EMA, and now we're about to get the 50/100 cross too. When all these major moving averages stack up in the right order, it usually signals some serious long-term upside potential.
The RSI is sitting above 85 right now, which technically means XRP is "overbought." But before you start panicking, remember that in crypto, overbought can stay overbought for a long time. Just look at what happened with Ethereum recently - sometimes the market just doesn't care about traditional indicators when the momentum is this strong.
What XRP Price Needs to Hit $4 and Beyond
So what needs to happen for XRP to really take off? Two main things. First, we need to see volume pick back up, especially if the price is going to break above $3.60 and stay there. Second, we need that golden cross to actually complete - not just almost happen.
If both of these boxes get checked, we could realistically be looking at XRP making a run at $4 and maybe even higher. Of course, this all assumes the broader crypto market doesn't decide to throw a tantrum, but with the technical setup looking this good, XRP seems ready to make some serious moves.
Usman Salis
