XRP Nears Key Chart Cross as Bulls and Bears Brace for Breakout

XRP, the fourth-largest cryptocurrency by market cap, is approaching a pivotal technical moment: a potential golden cross or death cross on the daily chart. The 50-day and 200-day Simple Moving Averages (SMA) are rapidly converging, signaling an imminent crossover that could define XRP’s short-term price direction.

A golden cross, where the 50-day SMA moves above the 200-day SMA, is typically seen as a bullish indicator. Conversely, a death cross—when the 50-day dips below the 200-day—may suggest bearish momentum. These chart patterns don’t guarantee outcomes but are widely tracked by traders as signals of trend continuation or reversal.

The last notable golden cross for XRP occurred in November 2024, preceding a rally to $3.40 by January. Currently, XRP is trading around $2.43 after a strong move from $2.117, clearing the 50-day SMA at $2.165. However, it remains down 1.05% over the past 24 hours due to mild profit-taking. Should the bullish momentum persist, XRP could target $2.60 and even $3.00. If selling pressure mounts, support lies at the 50-day and 200-day SMAs, near $2.165 and $2.109 respectively.

Adding to the bullish narrative, Wellgistics Health announced plans to integrate XRP into its treasury operations and payment infrastructure. Furthermore, Ripple’s long-standing legal battle with the SEC has officially concluded. Under the settlement, Ripple will pay $50 million to the SEC, while regaining over $75 million from escrow—a move that may restore investor confidence.

As traders await confirmation of the crossover, all eyes are on XRP’s next move. Whether bullish or bearish, the upcoming chart shift could prove decisive.