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There is a rare technical signal on the XRP price's one-hour chart right now, and it is sort of catching traders off guard. There is this local golden cross, where the short-term moving average has cut through the longer-term average from below. Usually, that is seen as a bullish setup. This comes at a time when XRP has been stuck in a tight range near $2.18, with no real momentum or conviction across the board.
This golden cross happened just as XRP's hourly price was hanging around a key support band near $2.13, which is about where previous buyers had stepped in. The short-term moving average broke above the 200-day trendline.
If you look at the daily chart, you can see that XRP is still going through a bigger cooldown after a big spike to nearly $3 earlier this year. June's bounce from sub-$1.90 levels offered some relief, but overall momentum has been fading.
The $2.37 resistance zone overhead has been stopping any real upside since April, while the $2-$2.10 area is like a magnet for liquidity, pulling the price back in whenever it strays too far.
What makes this golden cross notable is not the signal itself, but the context around it. The market has been a bit all over the place, volumes are down and people are still really divided on XRP. But the appearance of a local bullish cross just above support — during an unusually quiet phase — could hint that something's stirring under the surface.
The question now is whether the cross will lead to follow-through buying, or if it ends up being a fakeout like so many of the recent ones.
Vladislav Sopov
U.Today Editorial Team