XRP forms rare golden cross, eyes next major move after MACD signal

Technical patterns and historical context

The two-week chart is significant for analysts because each candlestick represents 14 days, offering a broader perspective on price action trends. The golden cross pattern appears when the MACD line moves above the signal line, hinting at bullish momentum. By contrast, a crossover in the opposite direction is called a death cross and typically indicates a bearish outlook.

In September 2022, XRP experienced its first golden cross following a rebound from bear market lows. Despite the signal, the token saw its price fall about 43% over the following weeks before forming a double bottom and subsequently recovering from $0.30 to $0.93.

The next such event emerged in October 2024, when XRP’s golden cross again appeared. This time, the price surged, rising approximately sixfold within a relatively short span. These previous occurrences illustrate the pattern’s potential but also its unpredictability.

Steph Is Crypto noted in a recent post that XRP has now flashed this rare golden cross for a third time, opening the possibility of either repeating the 2024 rally or forming another double bottom as in 2022 before any significant upward move.

XRP has triggered another two-week golden cross on the MACD, a signal seen only twice before in recent years, with previous outcomes showing both sharp declines followed by recovery and rapid rallies.

Mini dictionary: MACD (Moving Average Convergence Divergence), a momentum indicator used in technical analysis to identify changes in the strength, direction, momentum, and duration of a trend in a financial market.

Key levels for price action

Examining XRP’s eight-hour chart, Steph Is Crypto described current price activity as a consolidation phase, possibly forming a bull flag or bull pennant—chart patterns often associated with continuation of upward trends. During this consolidation, price has remained within both descending support and resistance lines.

He identified $1.43 as a crucial resistance level. According to his analysis, a confirmed break above $1.43, supported by one or two four-hour candle closes, could pave the way for a push toward $2. Conversely, $1.32 has been named a critical support threshold. Should the price drop below $1.32, further recovery may be postponed.

Analyst viewpoints and market sentiment

Steph Is Crypto regards the MACD crossover as an overall bullish signal for XRP, whether the price will first retrace or begin a new rally. He stated that this level could represent a strong entry point for those monitoring the asset.