XRP recently surpassed the crucial $2.36 resistance level and crossed above its 200-day moving average, signaling potential for significant upward momentum. Technical indicators suggest the cryptocurrency is nearing a golden cross formation, with its 23-day moving average converging toward the 50-day moving average—a widely recognized bullish signal.
Momentum remains strong as shown by the Relative Strength Index (RSI) holding in positive territory alongside progressively higher lows in price structure. These factors support predictions of a 20% price surge toward the $3.00 threshold.
However, traders face risks including potential drop below the $2.36 support level or insufficient trading volume that could invalidate the bullish setup. Market participants are evaluating strategic entry points around $2.36 for favorable risk-reward profiles, while long-term investors view the breakthrough as validation of XRP’s underlying strength.