XRP News Today: XRP Surges 30% to $3.19 as Golden Cross Signals Bullish Trend

XRP, the cryptocurrency associated with Ripple, has recently broken through the $3 mark, a significant resistance level that had held firm since February. This move is not just another spike in a volatile market; it is accompanied by a powerful and rare technical signal known as a golden cross. The last time this signal appeared, XRP experienced a 630% surge in value. Currently, XRP is trading at $3.19, having surged more than 30% in the past week. This performance has caught the attention of bulls, who are now locking in and preparing for a potential historic rally.

The golden cross signal is formed when the Market Value to Realized Value (MVRV) ratio moves above the 200-day moving average. This technical indicator has historically been a strong predictor of bullish trends. The last time XRP saw this pattern was in November 2024, following which the token’s price exploded by over 600%. This time, whales have been accumulating 2.2 billion XRP tokens over the past two weeks, suggesting they are positioning for a similar rally. This level of accumulation indicates that they are not gambling but preparing for a significant price movement.

While the technical signals are bullish, a legal breakthrough could serve as the true catalyst for XRP's price surge. The SEC held a closed-door Sunshine Act meeting, with the agenda mentioning “settlement and litigation resolutions.” This comes after Ripple announced it would drop its cross-appeal on June 27, following Judge Torres rejecting a joint settlement proposal. Many believe that Ripple and the SEC could be nearing a quiet resolution, which would lift a massive cloud over XRP and restore confidence among hesitant investors. If the SEC backs off, even slightly, XRP could explode with renewed momentum.

The price of XRP is currently pressing against the upper Bollinger Band, a sign of aggressive momentum. Resistance lies near $3.50, and if broken, could open the door for a sprint to $4. The Relative Strength Index (RSI) stands at 85.5, usually considered overbought. However, in a heated bull market, the RSI can remain high for extended periods. The Moving Average Convergence Divergence (MACD) has crossed bullish, with the histogram expanding and the MACD line pulling away from the signal line. Even if XRP sees a minor pullback, the $2.80 level should provide strong support. Bulls have clear control, and indicators show no signs of slowing.

Analysts have identified macro targets for XRP, with some suggesting that the cryptocurrency could reach as high as $30 if momentum extends. Chart analyst Hov noted that XRP followed a predicted wave pattern, dropping to $1.80 earlier this year as part of a Wave 4 correction before surging over 100%. According to Hov, XRP is now working through Wave 3 of a larger structure, with the potential for Wave 5 to push XRP much higher. The key now is whether XRP can hold above the $3 level and push toward the next resistance around $3.50–$3.80. If XRP can maintain this momentum, it could potentially break through the resistance level at $3.84 and begin looking towards the $5 mark.

The bullish outlook for XRP is also supported by the broader cryptocurrency market trends, with the industry experiencing a surge in interest and investment. This increased attention has led to a more favorable environment for cryptocurrencies like XRP, which are positioned to benefit from the growing adoption of digital assets. However, analysts caution that the road to $15 or $30 will come with volatility. The cryptocurrency market is known for its unpredictability, and investors should conduct thorough research and consider their risk tolerance before making any investment decisions.