Saad Ullah
XRP breaks above key resistance at $2.36 and approaches a golden cross formation, setting up for a potential 20% price surge to the $2.90-$3.00 zone.
XRP just did something it hasn't done in weeks – it actually broke through the $2.36 resistance that's been capping rallies. The crypto is now trading at $2.43 and took out the 200-day moving average along the way. But here's the kicker: this might just be the beginning.
The 23-day moving average is climbing fast and getting close to crossing above the 50-day from below. That's what traders call a golden cross, and while it hasn't happened yet, the setup is almost there. When you see this kind of pre-crossover action with price already above both moving averages, that's usually when things get interesting.
XRP Price Breakout Shows Real Conviction
What makes this breakout different is how it happened. XRP didn't just squeeze past $2.36 – it powered right through with serious momentum. The RSI is sitting at 67, which is strong but not overdone. There's still room to run.
The chart structure looks clean too. We've got higher lows forming, layered moving average support, and no real signs that buyers are getting exhausted. That's exactly what you want to see when a crypto is setting up for a bigger move.
XRP Price Target: $2.90-$3.00 Zone in Play
If this golden cross actually forms and holds, the next stop is likely the $2.90 to $3.00 area. That's the same zone that stopped XRP's rally back in April. From current levels, we're talking about roughly 20% upside – not bad for a few weeks of work.
The main risk? If XRP falls back below $2.36 or volume starts drying up, this whole setup could fall apart. But right now, the momentum is real and the technical pieces are falling into place. One or two more strong candles might be all it takes to seal the deal.
Saad Ullah
