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$XRP has been stuck over the last 30 days, with the price failing to breach the $2.50 resistance level. However, technical signals suggest that a breakout to reclaim $3 could happen if ecosystem bulls support. As per CoinMarketCap data, $XRP has hit a mini golden cross, signaling a possible move to the $3 level.
$XRP golden cross revives bullish breakout hopes
Notably, a golden cross is a bullish technical indicator for crypto assets. Historically, this has been a positive signal for $XRP as its formation hints at potential price rallies ahead.
As U.Today reported, $XRP confirmed its first golden cross of 2026 approximately one week ago. Although the bullish signal suggested a 13% upside if backed by volume, $XRP investors have not supported active trading in the last seven days.
This caused a slip for $XRP below the $2 support level. However, the golden cross momentum shows that if volume picks up, the coin has the potential to soar past $2.45 in the crypto market. Market analysts believe that if $XRP hits this level amid increased volume, the coin might not stop its upsurge.
Some have speculated a rebound to $3 amid broader market recovery. $XRP’s resilience is one major factor that sparks confidence among investors. The coin has been known to withstand market volatility.
However, despite this positive sentiment, $XRP failed to flip its all-time high ($ATH) of $3.84, which it set some eight years ago on Jan. 3, 2018. As of this writing, $XRP changes hands at $1.91, which represents a 0.48% increase in the last 24 hours. The coin earlier traded at $1.96 before the slight slip.
A major obstacle to $XRP reaching its potential, as signaled by the golden cross, remains its volume. Currently, trading volume has declined by 9.34% to $1.98 billion. The caution by traders might be due to lingering bearish momentum and the weekly Relative Strength Index (RSI) remaining below neutral at 41.75.
Rare fractal pattern sparks $17 long-term speculation
Interestingly, the current $XRP golden cross setup is an ultra-rare breakout fractal identical to the one that pushed it to its $ATH eight years ago. Analysts opine that a repeat of history could see $XRP surge to as high as $17.
Such a massive gain of over 900% could see the market capitalization of $XRP flip Ethereum like it did in the past.
Amid these speculations, $XRP also needs to overcome its historical double-digit sell-off that occurs every February. Market watchers will be keen to see how events play out.