XRP on the Edge: Mini-Golden Cross Could Trigger Massive Price Surge

XRP is nearing a critical turning point as technical indicators suggest a potential shift in momentum. A mini-golden cross pattern is forming on the daily chart, capturing the attention of traders anticipating a strong upward move.

The 50-day Exponential Moving Average is approaching a crossover above the 100-day EMA. This technical formation is often linked to increased bullish sentiment and can serve as a signal for the start of a new rally. Currently, XRP is trading around $2.29, holding steady above both moving averages.

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Chart analysis also shows a tightening triangle pattern, indicating a build-up of pressure. The recent sessions have kept the price within a tight band at $2.25 and $2.40. In addition, trading in the cryptocurrency markets has decreased, which is often an indication that a significant change is coming.

Market participants note that a successful mini-golden cross could bring a wave of buying activity. It could be enough to power XRP through its current resistance around $2.50. That point has marked the high point in past rallies and continues to be a significant obstacle.

The Relative Strength Index is slightly above 50, which means investors are leaning towards neutrality. Even so, things can change rapidly when buyers react to the Golden Cross confirmation. If investors’ attitudes switch like this, the value of the stock can shoot upward very quickly.

Price Pressure Builds Around Key Resistance Levels

Alongside the forming mini-golden cross, XRP’s price is also being compressed within a classic triangle structure. These patterns usually resolve in sharp moves, either upward or downward, depending on market forces.

If XRP manages to break $2.50 and trade on high volume, analysts project it could rise to $2.60 or $2.80. The good news is that the 200-day EMA continues to provide adequate support if the uptrend is rejected.

With this high level of technical alignment, any effort by XRP to break out could cause prices to go up quickly. The outcome of the following few meetings is likely to shape the short-term direction of the digital asset.

With a mini-golden cross close to completion and pressure mounting near key resistance, XRP is on the edge of a possible breakout. Market watchers are waiting for confirmation, as a clear move could push prices up fast.

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