Upcoming Rare Golden Cross Event for XRP compared to Bitcoin: Historical Price Trends Suggest Potential 158% Growth
In the ever-evolving world of cryptocurrencies, XRP has been making headlines recently due to a significant technical development. The 23/200-day moving averages on the XRP/BTC pair have crossed, a phenomenon known as a 'golden cross', which is typically a strong bullish technical signal indicating upward momentum.
Current Situation and Forecast
At present, XRP is trading around the $3.50 mark, and technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest further upward movement. Analysts predict a continued rally towards the $3.60–$3.80 range by late July 2025 if key resistance levels near $3.42 are decisively broken.
Over the following weeks, XRP may oscillate between the $3.20 and $3.60 levels, with upside potential to break the $4.00 mark should positive developments occur, such as regulatory clarity or institutional inflows.
Long-term Projections
Some forecasts, buoyed by institutional accumulation and technical breakouts, project even higher targets, such as the possibility of XRP reaching $10 later in 2025. However, this remains speculative and contingent on maintaining bullish momentum and market conditions.
Support Levels and Volatility
Short-term pullbacks to support zones around the $3.00–$3.20 levels are possible if momentum falters. It is crucial to remember that the crypto market is highly volatile, and investors should remain mindful of this volatility and monitor key support and resistance levels.
The Previous Golden Cross Event
The last time this golden cross appeared on the XRP/BTC chart, the price surged 158.66% within 14 days. This historical event underscores the potential significance of the current golden cross.
Factors Favouring XRP
The focus on XRP's BTC ratio has increased due to Bitcoin's recent inactivity. Moreover, altcoins are taking centre stage, and Bitcoin is providing them space, which could be beneficial for XRP. Yuri Molchan, a cryptocurrency journalist, suggests that the timing for an XRP surge could be ideal, with altcoins gaining prominence and Bitcoin providing space.
Technical Indicators
A long-wick candle has hit the 200-day line, similar to a 2024 event, and buyers have jumped in immediately. The current pair is stabilizing in the 0.00002480 to 0.00002684 zone, similar to the structure from the last breakout. If XRP breaks above the current resistance, a potential move similar to the previous one (158.66% within 14 days) could occur.
In conclusion, the golden cross event on XRP/BTC aligns with technical analyses suggesting a bullish trajectory in the near term, targeting the mid-$3 range and potentially higher. However, investors should remain mindful of volatility and monitor key support and resistance levels. This outlook must be considered within the highly volatile crypto market context and evolving regulatory landscape.
- In the crypto market, XRP's price prediction for the near future looks promising, with analysts forecasting a rally towards the $3.60–$3.80 range by late July 2025.
- Over the next few weeks, XRP may fluctuate between the $3.20 and $3.60 levels, but potential for a breakthrough to the $4.00 mark exists if positive developments occur, like regulatory clarity or institutional inflows.
- While some forecasts predict XRP reaching $10 later in 2025 under favorable circumstances, it's essential to acknowledge that the crypto market remains highly volatile, making it crucial for investors to monitor key support and resistance levels.
- The last time a golden cross appeared on the XRP/BTC chart, the price surged 158.66% within 14 days, indicating the possible significance of the current golden cross event for potential XRP price movement.
