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XRP just jumped to the next big level, and the chart is hinting at something even greater — a 20% run, if the current setup finishes up. After a long period of chopping around, the price has finally broken clean above the $2.36 zone, taking the 200-day moving average with it.
But the big question is what happens next. The 23-day moving average is rising quickly and getting close to the 50-day from below. It has not crossed yet, so no golden cross just yet, but the formation is almost there. Pre-crossover pressure, especially when the price is already above both lines, is where a lot of breakout moves start to form.
XRP is trading just above $2.43 at the moment, and the recent candle that broke the range really powered through the resistance, not just tiptoeing past it.
In the meantime, RSI is creeping past 67 — solid momentum, but still with breathing room. The structure below is clean: higher lows, layered moving average support and no real sign of exhaustion.
If the cross lands and keeps going, then the next stop is probably going to be the $2.90 to $3.00 zone. That is the same area that capped the rally back in April. That is about 20% from here, and with the right conditions, it would not take much to get there.
There is some risk of stalling still if XRP dips below $2.36 or we see a drop in volume. For now, the setup is live, the momentum is real and the golden cross is almost here. One or two more candles might do the trick.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team