XRP has surged by over 2.5% in the last 24 hours, climbing from a low of $1.87 to hit a high of $1.94. This price rebound has been validated by a bullish indicator, the golden cross. As per CoinMarketCap data, a golden cross has formed on the 9-day and 26-day moving averages. Its formation suggests that a rally could be in the making for XRP.
XRP is already outpacing the broader crypto market’s 2.38% gain. If momentum continues, XRP could push toward the $2 mark and potentially target higher levels such as $2.50. However, this depends on support from market participants, as its trading volume has not increased significantly, standing at about $2.42 billion.
As of press time, XRP is trading near $1.92, up about 2.17% on the day. XRP is holding above its immediate support of $1.89 and the RSI at 43.91, leaving room for further upside before overbought conditions. Traders will closely watch price action and volume for confirmation of a sustained move, while overall market dynamics and participant demand will play a key role in deciding whether the rally extends beyond the $2 level.
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