XRP has recorded a golden cross formation on its hourly chart, a technical indicator that often signals a potential bullish trend reversal. This pattern emerged as the broader altcoin market experienced a shift in sentiment, with XRP's price flipping positive and solidifying a push toward a new monthly high.
The golden cross occurred when XRP's 9-day moving average crossed above its 21-day moving average on the hourly timeframe. However, analysts note this crossover has not yet been confirmed on the daily chart, which is considered a crucial validation for a sustained uptrend. As of the reporting period, XRP was trading at $1.386, reflecting a 1.9% increase over 24 hours and a 2.59% gain over the past week.
Simultaneously, on-chain and technical analysis reveals XRP has swept key liquidity levels, specifically the Q4 2025 lows. This action is interpreted by some market observers as clearing sell-side liquidity and potentially hinting at the beginning of a new market expansion phase. The analysis follows a significant 2025 rally where XRP's price surged from approximately $0.50 to above $3.60, before entering a corrective period.
A major psychological and technical hurdle for XRP remains the $2.00 level, which has acted as strong resistance since the asset retreated from its yearly peak of $2.40 in early January. The broader market context is also contributing to the narrative, with capital flowing into select altcoins as the overall crypto market attempts to break free from a multi-week capitulation phase, supported by an improving Fear & Greed Index.
Institutional interest provides a foundational support layer. Exchange-traded funds (ETFs) hold nearly $1 billion in XRP, which analysts cite as a factor that could support upward momentum. XRP's unique value proposition within the Ripple ecosystem continues to attract both retail and institutional investors. Market expectations are growing that the coin may have established a new market bottom, setting the stage for a potential breakout. Should conditions align, analysts suggest XRP could retest the $2.00 mark in the coming weeks.
