After a period of consolidation, Ripple's XRP token is showing a significant technical signal: a "Golden Cross". This rare configuration could signal a strong recovery for the cryptocurrency. What price levels should be closely monitored?
The term “Golden Cross” refers to a positive signal when the short-term moving average (23 sessions) crosses above the long-term moving average (MA50). This rare configuration has just appeared on the 8-hour chart of XRP, for the first time in several months.
After consolidating between $2.70 and $3.07, the token has broken this monotony, stimulating speculative activity. Previous Golden Cross formations generated gains of nearly $1 within a few sessions.
Since early August, XRP has been evolving in a horizontal channel, with a solid support at $2.70 (MA200), offering a favorable entry point for short-term buyers.
The next critical zones to watch are:
Beyond these thresholds, Ripple could return to a more fluid market dynamic, free from the major resistances that have hindered it in recent months.
The current bullish configuration is not limited to technical analysis. Fundamental elements also reinforce the optimistic scenario:
In summary, he is finally displaying a Golden Cross structure which, in a still hesitant crypto market context, strengthens the hypothesis of a potential breakout beyond $3. Supported by solid fundamentals, an expanding Ripple ecosystem, and increasing speculative momentum, it could initiate a sustainable bullish phase provided current support levels are maintained.
However, caution is necessary: In the volatile universe of cryptocurrencies like Ripple, technical signals should always be coupled with rigorous risk management.
With the Golden Cross and bullish momentum, buy XRP now on Bitget before a possible breakout beyond $3.
Quick guide to buying XRP on Bitget:
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