Crypto analyst Amonyx (@amonbuy) has drawn attention to a potentially significant move in XRP’s price, supported by a chart indicating a bullish technical pattern. In a recent post on X, Amonyx highlighted the formation of a “Bull Flag” and noted the emergence of a one-day Golden Cross.
Both signals suggest the beginning of a strong upward trend, and the chart projects a possible surge in XRP to $23, far above its current level.
Something big is brewing with $XRP …
Charts don’t lie. Whales aren’t sleeping.
Are you watching closely, or will you realize too late? #XRP 👀 pic.twitter.com/LH61P3vGKl— Amonyx (@amonbuy) May 24, 2025
Bull Flag and Golden Cross Highlight Uptrend Potential
The bull flag pattern, characterized by a consolidation phase following a strong upward move, typically suggests continuation in the direction of the initial trend. The chart shows that XRP has been trading within a downward-sloping channel since its multi-year peak of $3.39 in January, and is now nearing the point of breakout.
The Golden Cross, which occurs when a short-term moving average crosses above a long-term moving average, further supports the potential for a sustained rally. Amonyx noted that something big is brewing with XRP, and whales are preparing for the big move.
ETF Applications Could Boost Market Exposure
Beyond the technical indicators, several fundamental developments could reinforce this bullish outlook. One key factor is the anticipated submission of XRP-based exchange-traded funds (ETFs) applications.
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Multiple notable companies have filed for spot XRP ETFs. If these applications are approved, the digital asset could benefit from increased institutional exposure and mainstream investor participation, similar to what occurred with Bitcoin and Ethereum ETF approvals.
Ripple’s Global Partnerships Strengthen Use Case
Additionally, Ripple has been expanding its global network. Its payment technology is being adopted by financial institutions in multiple regions, including Asia and the Middle East, where cross-border payment solutions are in high demand.
These partnerships improve XRP’s utility and enhance investor confidence in its long-term viability. The digital asset is being introduced to new markets, and as Ripple’s network of partners grows, the world is gradually seeing the advantages XRP holds over traditional financial systems, and many regular people are moving away from these inferior systems.
Is XRP Going to $23?
While no forecast can guarantee future price action, the convergence of bullish technical patterns and strengthening fundamentals is notable. The projection to $23 shown in Amonyx’s chart represents a steep climb, but not one that is entirely speculative given the current momentum and context.
More XRP News;
XRP Whales Are Super Active: 267,857,140 XRP In Four Transactions
XRP Golden Cross Confirmed: Here Are Reasons to Be Bullish On XRP
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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