The price of $XRP recently reached a new all-time high, climbing to $3.66 for the first time in over six months. Shortly after, the altcoin dipped slightly and is now trading just 3.2% below its peak, indicating strong investor interest.
Exponential moving averages are forming a 'golden cross' and serve as dynamic support for the price. This technical signal suggests that XRP is poised for further growth. A breakout above $3.66 could push the altcoin to $3.80, allowing for a new all-time high.
If investors decide to take profits, a correction may begin, which could bring XRP down to below $3.38. A drop to $3.00 would cancel the bullish outlook and initiate a deeper correction.
