Ripple’s token XRP jumped to $2.44 Thursday, climbing 1.80% in below three hours. Merchants who thought the rally was over received a shock. Instantly, discuss of a recent push above the $3.4 barrier is again in play.
Golden Cross Sign
In response to Darkish Defender’s publish on X, a golden cross shaped on the weekly RSI again on November 4, 2024. That very same sign got here earlier than a run from $0.5029 to $3.388. Some imagine historical past may repeat itself this time. If merchants observe the sample, a transfer to $5.85 isn’t out of attain.
XRP Value Strikes
Primarily based on on-chain information, XRP has bounced between $2.36 and $2.44 over the previous day. Quantity picked up as Bitcoin climbed. Proper now, XRP sits at $2.445, up 0.83% within the final 24 hours. Breaking $3.33 would erase its 90-day slide of 5.62%. Clearing that degree may clear the way in which for larger positive factors.
On 4 November, #XRP had a Golden Cross Sign on weekly RSI.
We warned in October.
At this time, XRP RSI has produced the identical sign after 200 days!
XRP is focusing on $3.33 within the brief time period, and is predicted to fireplace the bullet, which is able to then possible flatten itself in opposition to the $5.85… pic.twitter.com/SthErQvaJE
— Darkish Defender (@DefendDark) Might 22, 2025
Bitcoin’s New Excessive
Final week, Bitcoin surged previous $109,000—its highest mark ever. That soar has lifted many altcoins, and XRP isn’t any exception. One other analyst identified that Bitcoin rose from $27k to $74k over about two years, whereas XRP may match that rise in a a lot shorter span. It’s a daring declare, however the timing does really feel ripe.
ETF Approval Odds
Primarily based on prediction by Polymarket, there’s an 83% probability the SEC will approve an XRP ETF. Massive names like Bitwise and Grayscale have filings in play. If these get the inexperienced mild, institutional flows may pour in. Some US-listed leveraged XRP futures already commerce closely, displaying sturdy demand.
Whales And Wider Tendencies
Whale wallets preserve accumulating XRP, including to the thrill. Each time giant holders purchase, costs are inclined to spike. On the similar time, broader market temper issues. If Bitcoin pulls again, altcoins usually observe. However proper now, the tide appears to be handing over XRP’s favor.
What Comes Subsequent
A break above $3.4 would set a brand new cycle excessive. Hitting $5.80 would imply doubling at present’s value. It received’t be straightforward. Merchants will watch RSI, shifting averages, and whale exercise carefully. Regulatory information on the ETF entrance will likely be essential. For now, XRP bulls have causes to cheer—however they’ll want persistence too.
Featured picture from Unsplash, chart from TradingView
