XRP Golden Cross Sparks Trader Frenzy: Is a Price Explosion Imminent?

XRP traders are buzzing as a bullish golden cross flashes on charts—the first since 2021. Could history repeat with a parabolic surge?

Technical breakout or overhyped pattern? The 50-day SMA just sliced through the 200-day like a hot knife through FUD, but skeptics warn: 'Golden crosses work until they don't—ask the 2018 bagholders.'

Meanwhile, crypto bros are already drafting 'XRP to $10' threads. Because nothing fuels a rally like unchecked optimism and selective memory.

First Golden Cross Ignites XRP’s Price

The first golden cross occurred on July 17th and triggered a price surge of over 20% within minutes. In the chart, the short-term 23-day average surpassing the long-term 200-day average is perceived as a classic indicator of an uptrend. Following this cross, trading volumes increased for five consecutive days, green candlesticks dominated the charts, and selling pressure significantly decreased.

Attention now shifts to the impending second golden cross signal, which involves the 50-day moving average crossing above the 200-day average. Such a consecutive cross sequence is rare but historically precedes strong momentum in previous bullish cycles. Market activity remains high, with the price range widening rather than narrowing, indicating ample room for potential new rallies.

Technically Targeting the $4.20 Level

Analysts remind that the price, emerging from last month’s triangular formation, still technically holds a target of $4.20. During that period, XRP soared from $0.50 to $3.50, marking approximately a 700% increase in value. With only a 20% additional leap required to reach the target level, investors are closely monitoring the potential before profit-taking.

Experienced market commentator DonAlt heightened expectations last week by suggesting $6.90 as a complete cycle peak. The absence of exhaustion indications in the current chart structure, rising volumes, and consecutive green candlesticks make upside attacks towards $4.20 and subsequently higher levels plausible. There are currently no significant indecisive signals observed among investors.

Calculations indicate that surpassing $4.20 might not restrict the rise to a short-term leap. Analysts recollect that similar structured breaks in previous cycles led to broader trend reversals. As the XRP market shows no signs of cooling down, the $6.90 scenario remains a discussion point.