XRP flashes a bullish signal after 200 days, targeting a price of $3.33
The XRP price has flashed a strong bullish signal after 200 days, and this could be the long-awaited start of the bullish rally. With new momentum building, analysts are looking for a $3.33 increase in the short term, with higher targets. The analyst is targeting $3.33 in the short term. The Dark Defender analyst noted in his latest analysis that XRP has flashed a rare golden cross signal on the weekly Relative Strength Index (RSI). This could propel XRP towards $3.33 soon, with a higher target set at $5.85. These targets are part of a larger bullish trend expected to unfold soon. As Bitcoin continues to make new all-time highs, investor Paul Barron believes that the bullish wave could also lift XRP, which could target $4 afterwards. XRP forms its first Golden Cross against Bitcoin in 4 years. XRP recently formed a golden cross against Bitcoin on the weekly chart for the first time in four years. This occurs when the 50-week moving average crosses above the 200-week moving average, hinting at a potential bullish trend for XRP after being flat for four years. XRP is building pressure for a big move, followed by a sharp breakout in either direction. With the RSI near 60, it has plenty of room for upward movements. On the upside, its targets include $2.68, $2.95, and $3.39, with $3.87. However, if it loses support at $2.30, it could retrace to $2.26 or $2.10, losing the long-term support area. Technical indicators bullish with some mixed signals. The technical indicators for XRP show mixed signals but are mostly positive. The MACD shows some selling pressure while the RSI is neutral at 58. The major moving averages from 10 to 200 periods also show strong buying momentum and an overall bullish trend. It is currently trading at $2.47, up over 2% in the past day. Recent reports from Point Piper indicate that XRP shows strong growth, with the market cap increasing by 2% in this quarter, while BTC, ETH, and SOL dropped by 22%. Year-on-year, XRP's market cap has risen by 252%. Network activity is also thriving, with daily active addresses jumping by 142% and new addresses rising by 210% compared to last year.
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