🔥 $XRP Secures Hourly Golden Cross With Price Breakout: Details

XRP has just confirmed a golden cross on its hourly chart, signaling short-term bullish momentum. At the same time, XRP has surpassed the 50-day simple moving average (SMA 50) on the daily chart — a crucial technical level that traders have been watching closely.
A golden cross is formed when a short-term moving average (such as the 50-hour SMA) crosses above a longer-term one (such as the 200-hour SMA). On the hourly chart, this is often viewed as an early signal of trend reversal or short-term price strength.
#XRP has just confirmed a golden cross on its hourly chart, signaling short-term bullish momentum. At the same time, XRP has surpassed the 50-day simple moving average (SMA 50) on the daily chart — a crucial technical level that traders have been watching closely.
A golden cross is formed when a short-term moving average (such as the 50-hour SMA) crosses above a longer-term one (such as the 200-hour SMA). On the hourly chart, this is often viewed as an early signal of trend reversal or short-term price strength.
Following recent consolidation, XRP has breached the daily 50 SMA at $2.20, which has served as both support and resistance in the current cycle. This move suggests that bulls are gaining momentum and targeting higher price levels.
🔸 What comes next?
At the time of writing, XRP was up 7.73% in the last 24 hours to $2.26. In the coming sessions, XRP's behavior near the daily SMA 50 will be watched if price sustainably holds above it. According to Ali, a crypto analyst, XRP appears to be forming an inverse head and shoulders pattern, potentially setting the stage for a bullish breakout toward $2.70.
The next target would be $3, but if this level is crossed, XRP could march toward the $3.4 mark. Sellers are expected to strongly maintain the resistance line because a rally above it would start a new phase of an uptrend for the XRP price.
#Ripple
{spot}(XRPUSDT)