XRP Eyes $5 as Golden Cross Formation Sparks Bullish Frenzy
Ripple’s XRP is flashing a rare technical signal that has traders buzzing—and price targets soaring. A golden cross, the bullish chart pattern where the 50-day moving average surges above the 200-day, just triggered for the embattled crypto.
Analysts now see a path to $5 if historical momentum plays out. Of course, in crypto-land, ’historical’ usually means ’until the next tweet from a billionaire crashes the party.’
The setup comes as XRP claws back from years of regulatory purgatory. But with Ripple’s legal saga fading, the chart whispers what bagholders scream: ’This time is different.’
A Golden Cross Signal Flashes For Ripple
Per leading crypto expert Dark Defender, a golden cross signal has appeared in XRP’s chart again. The expert shared how this signal has reappeared after 200 days, which adds more weight and mettle to the analysis. At the same time, Dark Defender added how he first predicted the golden cross development in October, and on November 4th, the signal had appeared on XRP’s weekly RSI.
The expert later shared that the pattern is once again repeating, showcasing how XRP is up for a massive haul. This development can be banked upon tremendously, as the cryptocurrency market at the moment is emanating bullish hues.
The expert later shared his analysis for XRP, adding how the token is currently targeting two ambiguous high price spots. Per the dark defenders’ prediction, XRP is currently targeting $3 and $5 price marks, which it hopes to achieve sooner rather than later.
On 4 November, #XRP had a Golden Cross Signal on weekly RSI.
We warned in October.
Today, XRP RSI has produced the same signal after 200 days!
XRP is targeting $3.33 in the short term, and is expected to fire the bullet, which will then likely flatten itself against the $5.85… pic.twitter.com/SthErQvaJE
The Token’s Prediction For May End/Mid-June
Per CoinCodex, XRP may trade at a lower price range of $2.21 by mid-June.
