Key takeaways:
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XRP rally is in a great place to rally towards $3.98–$4.32 this month following an RSI golden cross.
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Revenue-taking stays muted, suggesting stronger holder conviction forward of October’s ETF selections.
XRP (XRP) is again above the psychological $3 mark, reigniting hypothesis that it may very well be gearing up for one other huge transfer. A recurring technical sign on its multiday chart is strengthening that bullish case.
RSI golden cross indicators 30%-40% XRP rise subsequent
XRP’s 3-day relative strength index (RSI) has simply flashed a golden cross, with the indicator closing above its 14-period transferring common. This means that momentum is shifting again in favor of the bulls.
For example, XRP’s worth rose by over 75% a month after the RSI golden cross in June. Equally, it jumped by greater than 28% final April and an eye-popping 575% in November final 12 months after related crossover prints.
The newest crossover comes as XRP retests assist at its 50-period exponential transferring common (EMA), a stage that has persistently aligned with earlier RSI golden cross rallies.
The confluence of the $3 breakout, 50-period EMA assist, and RSI crossover raises XRP’s odds of rising towards the 1.0 Fibonacci retracement stage at $3.39 in October, up 11% from the present ranges.
The XRP/USD pair might rise additional towards the 1.618 Fibonacci extension stage, positioned close to $4.32, representing a few 40% improve, by October or November if it decisively closes above $3.39.
Associated: XRP price: Why October will be the most bullish month of 2025
One other bullish setup, a descending triangle breakout, factors to a $3.98 goal — up 30% from present costs — as XRP climbs above the sample’s higher trendline, additional reinforcing the RSI golden cross sign.
XRP profit-taking turns into much less extreme
XRP’s newest rally above $3 has not triggered the form of excessive profit-taking that has marked its previous bull market tops, onchain information reveals.
The % provide in revenue — the share of circulating XRP buying and selling above its value foundation — has remained elevated and comparatively steady for the reason that November 2024 breakout, in keeping with Glassnode information.
In earlier cycles, spikes towards 90% to100% revenue ranges typically coincided with speedy sell-offs and sharp drawdowns. This time, nonetheless, XRP holders look like exercising extra endurance.
The stableness means that long-term traders are much less desperate to money out in the close to time period, indicating stronger conviction in the continued pattern, significantly forward of multiple XRP ETF decisions in October.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a call.
