XRP Nears Key Technical Crossover After Holding Above $2.80
After spending over a week below the psychologically significant $3 mark, XRP is now showing signs of a potential bullish breakout. Technical data from TradingView highlights an approaching golden cross—a traditionally bullish signal where the 9-day moving average is set to cross above the 26-day moving average around the $2.82 level.
This crossover, if confirmed, would signal growing momentum in favor of buyers and could push XRP back above the $3 threshold for the first time in weeks.
As of writing, XRP is trading at $2.84, reflecting a 2.02% gain in the past 24 hours. The price climbed from a daily low of $2.78, accompanied by a notable 11.91% increase in trading volume, which now stands at $5 billion. This rise in volume suggests renewed interest and possible accumulation ahead of a larger move.
Catalysts: SEC Decision and Ripple’s Banking Ambitions
Several macro factors are also contributing to the optimistic outlook. One of the most closely watched developments is the upcoming SEC decision on multiple ETF applications—a decision expected as early as October. Approval could inject significant bullish sentiment into the broader crypto market, including XRP.
In parallel, Ripple’s ongoing push for a banking license is seen by many as a strategic move that could enhance XRP’s role in bridging traditional finance with blockchain-based ecosystems. If successful, it could significantly boost XRP’s real-world utility.
With both technical signals and ecosystem developments aligning, XRP appears to be positioning for a potential breakout—but confirmation above the $2.93 to $3.20 resistance zone remains crucial.
