The recent emergence of a golden cross on the XRP chart has caught the attention of investors, as it may signal the beginning of a new bullish trend.
What is a Golden Cross?
A golden cross is a technical signal that occurs when a short-term moving average (such as the 50-day) crosses above a long-term moving average (200-day) from below. This signal is often interpreted as an indication of increasing upward momentum.
History of Previous XRP Surge
The last golden cross for XRP was registered in November 2024, after which the asset's price surged from $0.50 to $3.39 by mid-January 2025, representing a growth of over 460% in two months.
Current Market Situation and Predictions
Despite recent growth, XRP has fallen by 0.68% in the last 24 hours and is trading at $3.51. Medium-term price forecasts range from $4 to $6, with current support around $3.50.
The potential for a repeat of the previously observed XRP growth captures traders' attention, but it is essential to consider current market volatility and conditions.
