In the volatile arena of crypto, where every signal can sway the market, XRP draws the spotlight. While volumes are waning, its technical indicators show a bullish turn. The imminent formation of a golden cross could trigger a rally as early as July, offering a counterpoint to current trends. In a context of widespread caution, this setup captures the attention of traders seeking confirmation.
The titan XRP rises from the urban depths of the crypto universe, embodying a spectacular awakening.
In brief
XRP sparks renewed attention as its technical indicators signal a possible imminent bullish phase.
The formation of a golden cross fuels speculation of a rally in July, despite declining market activity.
Trading volumes drop by over 20 %, reflecting investor caution in a wait-and-see climate.
The absence of external catalysts strengthens the influence of chart signals for the upcoming movement.
A bullish technical signal is emerging for XRP
The chart linked to the XRP price reveals a setup that analysts identify as a possible bullish catalyst: the emergence of a golden cross.
This pattern, often interpreted as a positive reversal indicator, occurs when the short-term moving average (50 days) crosses upward over the long-term moving average (200 days). The crypto price could initiate a significant rally if this setup is confirmed.
XRPUSDT chart by TradingView
Several technical elements support this outlook :
The current price : around $2.07, with a negative variation of 0.73 % over 24 hours ;
Trading volume : a notable drop of 21.84 %, or $2.38 billion ;
Support stability : price held above critical levels despite moderate downward pressure ;
A convergence of moving averages : a potential sign of an imminent trend change.
The relative price stability amid declining volume suggests a general wait-and-see stance from operators, who watch the technical signal to adjust their position. If the golden cross is confirmed in the coming days, it could trigger a buying phase and reposition XRP on an upward trajectory, contrary to the gloomy climate of some other altcoins.
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Declining volume and an still indecisive market
Alongside this promising technical setup, the decline in XRP exchange volume reflects a wait-and-see atmosphere. Trading volume has dropped sharply, with a decrease of over 20 % in one day.
This withdrawal of trader engagement could reflect doubts about the sustainability of a possible rebound or a short-term observation strategy awaiting golden cross validation.
Moreover, unlike other cryptos benefiting from stronger speculative dynamics, XRP seems to move against the tide, driven primarily by its technical fundamentals.
This market inertia raises questions about the solidity of a potential rally. The absence of major external catalysts, such as recent regulatory announcements or institutional partnerships, strengthens the idea that the next impulse will mainly depend on confirmation of chart signals.
If the bullish setup materializes, it could revive interest in XRP in the short term. Conversely, a false signal or technical invalidation could reinforce prevailing skepticism.
While the technical setup is closely monitored, it will need to be accompanied by renewed market confidence to translate into real price momentum. The coming weeks will therefore be decisive in assessing whether XRP can turn this potential momentum into a genuine rally. Until then, the crypto market, volatile by nature, will continue to gauge every move with measured caution.