XRP Golden Cross Faces Its First Test as Price Slips Toward $1.50

In Brief:

• XRP’s golden cross reflects its recovery from August lows, although a retreat toward $1.50 has weakened short-term buying momentum.
• Lower highs near $1.66, $1.63, and $1.58, alongside lighter rebound volume, show buyers struggling to regain control above $1.60.
• Support near $1.44 precedes the moving averages around $1.37, while reclaiming $1.60 could reopen a test of $1.66 to $1.70.

 

XRP has formed a golden cross as its 50-day moving average crossed above the 200-day average near $1.37, although its retreat toward $1.50 shows buyers are losing momentum. However, XRP has struggled to hold the gains from its earlier rally, and its latest lower highs suggest support may face a test before another advance.

XRP fell from above $1.50 in May to around $1.00 by mid-August, while the declining 200-day moving average limited recovery attempts. A high-volume rally in August lifted XRP above its major moving averages, turning the 200-day average from resistance into potential support.

XRP broke above a descending trendline in September, defended the $1.28 to $1.30 area, and climbed toward a local high near $1.66. Those gains produced the golden cross, but moving averages reflect earlier prices, making XRP’s recent decline equally relevant to its current outlook.

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Lower Highs Challenge XRP’s Improving Trend

XRP failed to hold above $1.60 and recorded lower highs near $1.66, $1.63, and $1.58, showing buyers struggled to regain lost ground. A series of declining daily candles brought XRP back toward $1.50, while weaker volume on recent rebounds pointed to less buyer participation than during August’s rally.

The relative strength index has eased from overbought territory to around 58, indicating that earlier momentum has faded without establishing a sustained decline. XRP faces immediate support near the rising shorter-term moving average at $1.44, with a break below it potentially testing the moving averages near $1.37.

A daily close below $1.37 would weaken the golden cross and expose $1.30, while buyers need to reclaim $1.60 before challenging $1.66 to $1.70. Trading volume could help distinguish a lasting recovery from another brief rebound, with stronger buying above $1.60 supporting the bullish interpretation of the cross.

XRP’s longer-term trend has improved since August, but recent lower highs leave the recovery under pressure as buyers approach support near $1.44 and $1.37.

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