Well, darlings, it seems our dear XRP has decided to play a little game of catch-up with Bitcoin, soaring to a delightful $2.47 before deciding that a lower daily close was more its style. How charming! But fear not, for the overall outlook is positively rosy, with XRP dancing in perfect harmony with Bitcoin and the grand crypto soirée. A rather intriguing technical signal has just made its entrance, one that previously heralded a staggering 600% rally back in November 2024. Oh, the drama!
Oh Look, the RSI is Back After a Long Holiday!
According to our ever-so-astute crypto analyst, Dark Defender (what a name!), XRP has once again graced us with a rare Golden Cross on its weekly RSI indicator. This little gem last made an appearance on November 4, 2024, right before XRP decided to throw a wild party with a 600% rally. How quaint! Its return suggests we might be in for another thrilling ride, darling.
And let’s not forget the delightful coincidence of this new RSI cross with the obliteration of a long-standing weekly resistance trendline. XRP broke through to $2.59 on May 14, and the analyst’s chart is practically glowing with excitement, showcasing a bright green trendline now breached and a bullish pin bar candlestick forming just above it. How positively riveting!
The RSI’s antics in the 1W candlestick timeframe are also quite the spectacle. The purple RSI line has once again crossed above the yellow moving average, just like it did in early November 2024. Back then, XRP was a mere $0.5, and then—voilà!—it exploded by over 600% to a dazzling multi-year high of around $3.31 on January 12, 2025. What a show!
Is $3.33 in Sight, or Are We Dreaming of $5.85?
Now, considering the previous price escapades after the weekly RSI cross in late 2024, our dear Dark Defender has laid out two tantalizing price targets. The first is a charming $3.33, tantalizingly close to the multi-year peak in January 2025. Should XRP decide to break past that, the next major target is a rather ambitious $5.85, corresponding to the 261.8% Fibonacci level. The analyst whimsically refers to this upper range as the parapet, suggesting it could be the next all-time high peak after the price rally. How poetic!
The Elliott Wave structure on the chart outlines a five-wave impulsive move, and XRP is poised to enter wave III, the longest and most powerful wave in a bullish cycle. If all goes according to plan, XRP could swiftly push through $2.59, hold above $3.33, and gallivant toward the upper boundary of the projection range. How thrilling!
Interestingly, none of these price targets rely on a repeat of the full 600% rally. The $3.33 target is a mere 43% away from the current price level, while $5.85 represents a delightful 150% gain from the current price. At the time of this delightful writing, XRP is trading at a modest $2.34. How utterly charming!
Read More
- Gold Rate Forecast
- Tom Cruise Bags Gold: Mission Impossible Star Lands Guinness World Record for Highest Burning Parachute Jumps
- Mobile MOBA Games Ranked 2025 – Options After the MLBB Ban
- Are Billie Eilish and Nat Wolff Dating? Duo Flames Romance Rumors With Sizzling Kiss in Italy
- Tom Hiddleston and Wife Zawe Ashton Announce Second Pregnancy, Know Couple’s Relationship Timeline
- Is Justin Bieber Tired of ‘Transactional Relationship’ with Wife Hailey Bieber? Singer Goes on Another Rant Raising Concerns
- Justin Bieber Tells People to ‘Point at My Flaws’ Going on Another Rant, Raises Alarm With Concerning Behavior
- Resident Evil 9: Requiem Announced: Release Date, Trailer, and New Heroine Revealed
- Summer Game Fest 2025 schedule and streams: all event start times
- Apothecary Diaries Ch.81: Maomao vs Shenmei!
2025-05-24 18:07