XRP is exhibiting strong bullish momentum fueled by consecutive golden cross formations, with technical analysts suggesting potential price surges toward $4.20 and beyond within the current cryptocurrency rally.
The asset recently completed a significant technical pattern as its 23-day moving average crossed above the 200-day moving average, triggering a golden cross. This event catalyzed XRP’s price increase from $2.90 to over $3.50, amplifying positive market sentiment.
Adding to the optimism, the 50-day moving average approaches a similar bullish crossover with the 200-day average, further strengthening the upward signal. Sustained trading volume growth supports this rally and suggests XRP may be in the early stages of a larger bullish cycle.
Technical resistance is now anticipated near the $4.20 price level. Some analysts project extended upside targets around $6.90 should the current momentum persist, though market participants are advised to monitor price action and maintain disciplined risk management strategies amid the ongoing volatility.
Long-term holders are evaluating entry and exit strategies as these technical developments present potential opportunities within XRP’s evolving market structure.