XRP has just emitted an important technical signal that previously appeared before a bullish surge of up to 600% in November 2024. Is history repeating itself?
📈 RSI Signal on the Weekly Frame Appears After 200 Days
According to technical analysts, the weekly RSI indicator of XRP has just formed a rare Golden Cross pattern — this is a signal that appeared on November 4, 2024, before XRP surged from $0.5 to $3.31, equivalent to an increase of over 600% by January 12, 2025.
This occurrence of the Golden Cross coincides with the strong resistance break on the weekly chart, as XRP reached a short-term peak of $2.59 on May 14.
🔍 RSI Indicates Strong Bullish Pattern
On the weekly candlestick chart, the purple RSI indicator has crossed above the yellow moving average - similar to the last time a strong bullish trend began. This is a signal that a significant bullish momentum is accumulating.
🎯 Potential Price Targets: $3.33 and $5.85
Technical analysts predict that XRP could be bullish from 150% to 500% if history repeats itself. Price levels to watch:
$3.33: A multi-year peak established in January 2025 — if surpassed, XRP could establish a new bullish cycle. $5.85: The Fibonacci level of 261.8%, considered the next target if XRP breaks the resistance at $3.33.
Currently, XRP is trading around $2.34, which means:
A rise to $3.33 will correspond to a 43% increase, a rise to $5.85 will correspond to a 150% increase.
🌊 XRP Enters Wave III — The Strongest Wave in the 5 Wave Structure
Elliott wave analysis shows that XRP is preparing to enter wave III, which is considered the longest and strongest wave in the five-wave upcycle. This means that if the structure holds:
✅ XRP may break through the $2.59 mark
✅ Breakthrough $3.33
✅ And it could aim for the price range of $5.85 or higher.
🧠 Conclusion
The Golden Cross signal on the weekly RSI is an extremely important signal, especially when it coincides with the pattern that helped XRP increase by 600% in just a few months. Although the cryptocurrency market always carries risks, investors are hoping that XRP can recreate the miracle and establish a new high in 2025.
📌 Note: This article is for informational purposes only and is not investment advice. Please consider carefully before making any financial decisions.
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