Peter Smith
XRP (Ripple) is back in the spotlight this week as a rare chart pattern forms and ETF rumors reach boiling point. The crypto could be setting up for its next big move.
XRP (Ripple) Price Charts Show Rare Golden Cross Formation
XRP is approaching something traders haven't seen in months - a golden cross pattern. As of July 15, the 23-day moving average is getting close to crossing above the 200-day, and when that happens, it usually means good things are coming.
The lines haven't crossed yet, but they're pretty close. This crossover is developing near $2.37, just below where XRP is trading now. If it holds, this level could act as solid support for the next leg up.
XRP recently hit $3.06 before pulling back to around $2.90, where it's been holding steady. The fact that it's staying above all the major moving averages shows the bulls are still in control. When that golden cross finally triggers, it could be the signal many traders have been waiting for.
XRP (Ripple) ETF Speculation Reaches Fever Pitch
Here's where things get interesting. Word on the street is that a U.S.-based XRP ETF announcement could drop as early as July 18. Now, this isn't confirmed yet, but the timing couldn't be better with the technical setup we're seeing.
ETF approvals have been game-changers for crypto in the past, and XRP getting one would be huge. It would open the doors for institutional money and mainstream adoption - exactly what the token needs to break into new territory.
The combination of solid technicals and potential ETF news has traders buzzing. Sometimes the stars align like this, and when they do, big moves often follow.
XRP (Ripple) Price Targets Point to $4 Zone
So what's next? The next big test for XRP is $3.20. If it can break above that level, we're looking at uncharted waters with the $4 zone coming into play. That's a significant psychological level that hasn't been tested before.
The setup is pretty compelling - you've got the golden cross forming, ETF rumors swirling, and strong price action holding above key levels. It's the kind of confluence that can spark major moves in crypto.
Of course, nothing's guaranteed in this market. But with technical and fundamental factors lining up like this, XRP's price action over the next few weeks could be heavily influenced by what's happening both on and off the charts. The stage is set - now we just need to see if XRP can deliver.
Peter Smith
