XRP Price Update: Golden Cross May Spark Rally

XRP Price Update- HashKey Fund Boosts XRP Confidence in Asia

XRP Price Update– The price of XRP, which last surged above $3 in January 2025, has since remained under that level despite maintaining relative strength in a bearish crypto market. Now, technical indicators suggest that a major shift could be on the horizon.

According to XRP’s price chart, the altcoin is close to forming a golden cross—a bullish technical pattern where the short-term moving average crosses above the long-term moving average. This signal often indicates the beginning of a stronger upward trend and has historically attracted renewed investor interest.

While XRP has dipped by 0.73% in the last 24 hours, currently trading at $2.07, analysts believe that a confirmed golden cross could increase market activity. However, it’s worth noting that trading volume has declined by over 21%, now at $2.38 billion, signaling that many investors remain cautious for now.

$3 Retest Possible If Momentum Builds

If the golden cross formation holds, XRP could challenge the $2.60 resistance level and potentially make another run toward the $3 mark, a level it hasn’t seen since early 2025. This move would mark a significant psychological and technical breakthrough for the asset.

Institutional Support Strengthens Outlook

In parallel with the technical outlook, institutional interest in XRP appears to be gaining traction. HashKey Capital, a major player in Asia’s crypto investment landscape, has launched a dedicated XRP tracker fund, signaling growing confidence in the token’s long-term potential.

These developments could serve as a catalyst for XRP’s next major move—if momentum aligns with technical signals.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.