XRP, the digital asset developed by Ripple Labs, has triggered an uncommon technical signal on its two-week price chart, drawing attention from the crypto trading community. Analyst Steph Is Crypto identified a bullish crossover on the Moving Average Convergence Divergence (MACD) indicator, an event that has occurred only twice for XRP in recent years and often signals a shift in trend momentum.
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.
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AAPLSteph 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.
| Key Level | Implication if Broken |
|---|---|
| $1.43 (Resistance) | Potential rally towards $2 if price closes above |
| $1.32 (Support) | May delay recovery if price falls below |
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.
This technical analysis comes as XRP traders continue to watch for additional signals suggesting a larger trend shift. While historical chart patterns can offer insights, they do not guarantee future performance, and opinions remain divided as to which scenario may play out. As of publication, XRP was trading near recent average levels while the market waited for confirmation of a directional move.
