XRP/USD 1 Hour Chart – TradingView

Observing the 1-hour chart of XRP, the momentum has surged upwards. The $XRP has broken through the key moving averages — the simple moving averages of 20, 50, 100, and 200 — and the price now comfortably holds above the $2.30 level. The moving averages are stacked bullishly, signaling a strong bullish momentum.

The recent high has also triggered a classic "golden cross", where the short-term moving averages crossed above the long-term ones — a historically strong buy signal. Trading volumes have surged significantly, further confirming the optimistic sentiment.

Currently, XRP is forming higher highs and higher lows, a classic bullish pattern. However, short-term resistance is emerging around the $2.35 area. A successful breakout above this level may trigger a new wave of buying pressure.