Recent technical developments in XRP’s chart suggest a potentially bullish trajectory for the cryptocurrency, following the formation of a golden cross and a breakout above a trendline. CryptosRus (@CryptosR_Us), a crypto news and analysis platform on X, highlighted these movements in a recent post, referencing a chart by Washigorira.
The chart reveals that XRP experienced a death cross in December 2024, signaling bearish momentum. Another death cross appeared on XRP’s chart in early January 2025, marking the digital asset’s first significant bearish indicator of the new year. However, subsequent market movements invalidated these bearish signals.
A golden cross, where the 50-day moving average crosses above the 200-day moving average, has now formed, often regarded as a strong bullish signal. Additionally, XRP has broken through a descending trendline, further supporting a potential upward trend.
On Saturday, January 11, the digital asset experienced a notable surge, breaking above $2.6. It currently trades at $2.83, up 4.3% from last week. In the post, CryptosRus stated that XRP is “gearing up for some big moves,” implying that these combined indicators could lead to significant price gains.
An $XRP death cross invalidated by a golden cross AND a breakout above trend line!
Get ready, XRP is gearing up for some big movesChart: Washigorira pic.twitter.com/AYuxACZL10
— CryptosRus (@CryptosR_Us) January 12, 2025
Potential Target for XRP
The chart shows an intriguing target that could help XRP achieve a feat the community eagerly anticipated. The Fibonacci extension on the chart sets an ambitious target of $4.32 for XRP, representing a new all-time high for the digital asset.
This level is also above the $4 level, which many analysts see as a crucial resistance level. In late 2023, one analyst predicted that a surge to $4 would come out of nowhere, and with this golden cross formation, XRP could experience a notable rally in no time.
Can XRP Reach This Target?
The golden cross comes as market participants are closely monitoring XRP’s price movements. With Donald Trump set to take office in under a week, the XRP army is excited about the future of digital assets.
There are many promising developments, like the upcoming resignation of Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC), who has waged a war on crypto for years.
Ripple, XRP, and the broader crypto market are about to be set free to grow and change the global financial landscape, and 2025 could be a game-changing year for XRP.
