XRP Finally Achieves the “Golden Cross”

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.

XRP chart

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:

  • Current zone at $3.00: as an “order block”, it represents the pivot for the next potential bullish impulse.
  • Target resistance #1: $3.30
  • Target resistance #2: $3.40

Beyond these thresholds, Ripple could return to a more fluid market dynamic, free from the major resistances that have hindered it in recent months.

Strong Fundamentals and Institutional Interest

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.

How to Buy XRP on Bitget?

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:

  1. Sign up on Bitget: Create an account, activate 2FA and complete KYC verification.
  2. Deposit funds: Add funds via bank card, SEPA transfer or crypto.
  3. Buy XRP: Go to Spot Trading, select XRP/USDT or XRP/EUR, and place a market order or limit order.
  4. Competitive fees: Approximately 0.05% per transaction.

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