XRP Nears Potential Golden Cross as Price Breaks Above $2.36, Indicating Possible 20% Upside
2025-07-10 16:00:13
Main Idea
XRP's price breaks above $2.36 resistance, nearing a golden cross formation, indicating potential for a 20% rally toward $3.00, supported by bullish momentum indicators and intact price structure.
Key Points
1. XRP surpassed the $2.36 resistance level and the 200-day moving average, signaling a potential bullish trend.
2. A golden cross formation is imminent as the 23-day moving average approaches the 50-day moving average, a recognized bullish indicator.
3. Momentum indicators like the Relative Strength Index (RSI) and higher lows in price structure support continued upside potential.
4. Key risks include a drop below $2.36 or lack of trading volume, which could negate the anticipated rally.
5. Traders may consider entry points near $2.36 for favorable risk-reward ratios, while long-term investors see confirmation of XRP's strength.
Description
XRP has surged past a critical resistance level, signaling a potential 20% rally as technical indicators align for a bullish breakout. The approaching golden cross between the 23-day and 50-day
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