XRP Traders Anticipate Surging Prices with New Golden Cross Signals

Key Points

1. The 23-day moving average crossed above the 200-day average, leading to a price increase from $2.90 to over $3.50.

2. Analysts note that XRP's price, emerging from a triangular formation, still holds a technical target of $4.20, requiring only a 20% increase from current levels.

3. Market commentator DonAlt suggested $6.90 as a potential peak for the current cycle, with no signs of exhaustion in the market.

4. XRP previously surged from $0.50 to $3.50, marking a 700% increase in value during a bullish cycle.

5. Market activity remains high, with investors closely monitoring the potential for further price increases before profit-taking.