XRP's RSI Golden Cross reappears, signaling a possible breakout toward $3.33 and $5.85 levels.
XRP mirrors 2017 pattern, with analysts eyeing a potential surge to $27 within 63 days.
XRP gains support from ETF launch and legal clarity, boosting investor confidence and outlook.
XRP has recently generated a key bullish technical signal on its weekly Relative Strength Index (RSI), echoing a pattern that was last seen 200 days ago. The pattern, often referred to as a Golden Cross on the RSI, previously appeared on 4 November. Analysts noted the same signal in October 2024, warning of a potential major price shift.
Technical Indicators Suggest Upward Price Move
According to analysis prepared by Dark Defender on X, XRP's RSI Golden Cross has reemerged, signaling that the asset could be preparing for a sharp upward move. In the past, this signal preceded a substantial price rally. Dark noted, “XRP is targeting $3.33 in the short term,” and emphasized that the price may approach the $5.85 resistance if momentum continues.
https://twitter.com/DefendDark/status/1925605934988161178
The asset is currently trading in a range between $2.15 and $2.61, and has shown resilience above the $2.00 support. Analysts observe that a break above the $2.62 resistance could initiate a broader rally. Meanwhile, a dip below $2.28 may signal a pause in the short-term uptrend.
A chart shared by Egrag Crypto indicates that XRP is also mirroring a historic consolidation and breakout structure from 2017. Back then, the token surged 1,772% in about two months. The current chart suggests a similar pattern is unfolding, raising expectations for a potential price target around $27 within 63 days.
Market Developments Fuel Long-Term Optimism
According to an observation by crypto analyst Rose, XRP has formed a bullish continuation pattern after reclaiming the $2.00 level. The token is now consolidating, which may soon lead to another breakout. The next price targets remain $3.15, $3.73, and $4.29, while support stands firm between $1.68 and $1.78.
XRP has also gained momentum from recent ecosystem developments. The launch of a U.S.-based XRP futures ETF on Nasdaq and increased investor interest following legal clarity around Ripple are seen as important developments. While price movement has been modest, these factors may support a stronger rally as market sentiment strengthens.
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