XRP Weekly Chart Forms First Ever Golden Cross. Here’s Top Traders’ Breakout Target

XRP Governor (@xrpgovernor), a prominent crypto influencer on X, has drawn attention to a recent technical development in the XRP to Bitcoin (XRP/BTC) trading pair, highlighting the potential for a substantial price move. Sharing a clip from a Coindesk report featuring lead anchor Christine Lee, XRP Governor drew attention to a predicted surge to $8, stating, “The breakout could be closer than anyone thinks.” BREAKING Top traders are now eyeing a massive $8 #XRP surge, momentum is building, and the charts are heating up. The breakout could be closer than anyone thinks… Are you ready? pic.twitter.com/FryK8SwVGh — XRP Governor (@xrpgovernor) May 24, 2025 Golden Cross Signals Bullish Shift At the center of the discussion is XRP/BTC’s first-ever golden cross on the weekly chart—a technical formation where the 50-week simple moving average (SMA) crosses above the 200-week SMA. This is generally interpreted as a bullish indicator, suggesting that XRP’s short-term momentum is now stronger than its long-term trend, relative to Bitcoin. The chart, analyzed by Coindesk’s Omkar Godbole, also shows that XRP has broken out of a four-year-long consolidation channel against BTC. This extended period of sideways movement between resistance and support levels has now given way to upward price action. The breakout and formation of the golden cross are signals that XRP may be entering a new bullish phase. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Altcoin Season Potential and ETF Speculation Ryan Lee, Chief Analyst at BitGet Research, emphasized the potential broader implications of this movement. Speaking to Coindesk, Lee noted that a reduction in Bitcoin dominance could support the start of an altcoin rally. Experts have shown that reduced Bitcoin dominance usually gives way to altcoin surges . Lee suggested that XRP and Solana are particularly well-positioned to benefit from this shift, aided partly by ongoing speculation around the potential for cryptocurrency exchange-traded funds (ETFs). Regulatory Clarity and Target Projections Lee also pointed to XRP’s evolving regulatory landscape and recent breakout patterns as supporting factors for renewed investor interest. As a result, he suggested traders are increasingly targeting medium-term price levels between $3 and $8 for XRP. This combination of improving technical conditions and positive developments has encouraged analysts and traders to revisit XRP’s potential upside. The Coindesk chart marks the Golden Cross as a focal point, highlighting a critical area where bullish sentiment takes shape after years of relative underperformance. XRP’s price performance has historically been closely linked to developments in its regulatory status and broader market sentiment. With recent signs of stabilization on the legal front and excitement for the altcoin market in the short term, market participants are beginning to position themselves for a potential move toward higher targets. 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. Follow us on X , Facebook , Telegram , and Google News The post XRP Weekly Chart Forms First Ever Golden Cross. Here’s Top Traders’ Breakout Target appeared first on Times Tabloid .

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