#BinanceAlphaAlert

XRP about to take off, a key signal shows a recovery of the trend

XRP: a suddenly promising technical signal

Since February, the price of XRP had been stuck in a frustrating sideways movement, trapped in a descending wedge pattern. However, this month, a breath of optimism has come to the cryptocurrency. XRP, currently at $2.28, has overcome several significant technical hurdles. It is now above the three main moving averages: 50 EMA, 100 EMA, and 200 EMA, a rare and favorable setup for an altcoin.

A key element catches the attention of traders: a mini golden cross seems imminent. This crossing of the 50-day moving average over the 100-day moving average is a powerful signal, especially for altcoins like XRP, which tend to accelerate quickly after such crosses. This type of signal is usually associated with short- and medium-term rallies, as it indicates imminent bullish momentum.

Some investors do not hesitate to assess the potential of this crossover.

The acceleration of volumes, although moderate for now, suggests that this movement could gain strength in the coming days.

Key resistance to watch: the $2.50 barrier

Upon further analysis, it becomes clear that XRP now faces two crucial levels. The first is the immediate resistance at $2.30, a key point to surpass. If XRP manages to break through this level, the path will be open towards the symbolic barrier of $2.50, the next technical and psychological resistance. Beyond this, $3.00 seems like a realistic short-term target, given the strong volume congestion observed at that level previously.

However, XRP must keep in mind an essential support zone. If the price falls below $2.20, the effect of the mini golden cross would be significantly weakened. Such a pullback would jeopardize the positive momentum currently being formed, forcing traders to closely monitor this area.