XRP is gaining attention as its price holds above $2.20 and trading volume surpasses $3 billion, amid key technical signals hinting at a potential “golden cross” — a classic indicator of an impending bullish breakout.
XRP’s Relative Strength Index (RSI) currently stands at 61.6, having hovered between 55 and 70 over the past two days. This neutral zone suggests that buying momentum is moderately strong but not yet in the “overbought” territory, which typically begins above 70.
With RSI in balance, XRP still has room to climb further before facing excessive profit-taking pressures. This supports the potential for continued upward movement in the short term.
Ichimoku Cloud Indicates Strengthening Trend
XRP’s Ichimoku Cloud chart adds to the bullish outlook. The price candles are positioned above both the Tenkan-sen (red) and Kijun-sen (blue) lines, indicating positive momentum in the short and medium term.
The cloud itself — formed by the Senkou Span A and B — is green both now and in the forward projection. This signals ongoing bullish sentiment and strong underlying support. A thick and rising green cloud often indicates a stable and strengthening uptrend.
Near-Term Targets: $2.35 to $2.65
Perhaps the most important technical signal is the potential formation of a golden cross, where a shorter-term EMA crosses above a longer-term one. If confirmed, it could serve as a strong bullish trigger.
XRP’s next resistance level sits at $2.35. A successful breakout could propel the price to $2.47, and possibly as high as $2.65 if momentum continues.
On the downside, XRP must hold its key support level at $2.26. A breakdown below this could send the price tumbling to around $2.05, posing a near-term risk for traders.
