Well now, gather ’round, folks! It seems that XRP has decided to put on its Sunday best after a long, dreary 200 days. Yes, indeed, it has flashed a bullish signal that might just be the start of a rally that folks have been waiting for like a cat waits for a mouse. Analysts, with their eyes as sharp as a hawk’s, are now setting their sights on a price of $3.33 in the near future, and who knows, maybe even higher than a kite on a windy day! 🎈
Analyst Targets $3.33 Short Term
Our dear analyst, Dark Defender (sounds like a superhero, doesn’t it?), has spotted a rare Golden Cross signal on the weekly RSI. This could very well send XRP soaring toward $3.33 faster than a rabbit on a date! And if that’s not enough, there’s talk of a lofty target of $5.85. These targets are part of a grander bullish trend that’s just itching to unfold. 🐇
Meanwhile, as Bitcoin continues to break records like a kid breaking a piñata, Investor Paul Barron believes that this rising tide could lift XRP’s boat too, aiming for a delightful $4 next. 🚀
XRP Forms First Golden Cross vs. Bitcoin in 4 Years
In a twist that would make even the best storytellers proud, XRP has formed a golden cross against Bitcoin on the weekly chart for the first time in four long years. This happens when the 50-week moving average crosses above the 200-week moving average, hinting at a possible bull run after a long nap. 💤
XRP is building up pressure for a big move, like a soda bottle shaken too hard. With the RSI hovering near 60, it has plenty of room to pop! On the upside, targets include $2.68, $2.95, and $3.39, with a cheeky $3.87 thrown in for good measure. But beware! If it loses support at $2.30, it could tumble back to $2.26 or even $2.10, losing its long-term support zone faster than a politician loses votes! 😱
Bullish Technical Indicators with Some Mixed Signals
Now, XRP’s technical indicators are showing a bit of a mixed bag, but mostly positive. The MACD is hinting at some selling pressure while the RSI is sitting pretty at 58. Major moving averages from 10 to 200 periods are showing strong buy momentum, painting an overall bullish picture. Currently, it’s trading at $2.47, up over 2% in the past day—like a tortoise that suddenly decided to sprint! 🐢💨
Recent reports from Messari indicate that XRP is strutting its stuff with a market cap up 2% this quarter, while BTC, ETH, and SOL are taking a nosedive of 22%. Year-over-year, XRP’s market cap has climbed a staggering 252%. And let’s not forget the network activity, which is booming like a summer fair, with daily active addresses jumping 142% and new addresses rising 210% compared to last year. 🎉
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2025-05-23 07:39