u.today
The Ripple-backed $XRP coin has confirmed a golden cross on the hourly chart. This bullish confirmation coincides with a broader recovery on the altcoin market.
$XRP price eyes $3 as next target
According to CoinMarketCap data, the $XRP price has surged 6.5% over the past 24 hours to $2.20. While this is happening, $XRP confirmed a golden cross on its hourly chart.
The golden cross occurred when the short-term moving average (MA) crossed over the long-term one. This is often interpreted as a buy signal for potential price increases.
In standard terms, golden crosses use 50/200-period moving averages. However, shorter variants, such as the 9/26, are common on hourly charts to catch quick reversals.
Considering the current trend, $XRP is expected to experience bullishness for the next few hours and days.
After completing a golden cross on Oct. 10, the $XRP price rebounded to $2.99 and climbed 7.02% weekly. Now, analysts eye $3 as the next target if it holds above $2.20.
With the development, the $XRP daily trading volume increased by 53.9% to $6.3 billion. Such a move suggests increased investor interest in the Ripple-backed coin.
Moreover, the $XRP Relative Strength Index (RSI) is currently at 56.06. This suggests $XRP is not overbought and there is room for more upside without immediate exhaustion.
Altcoin market rebound
Notably, the recent uptick in the $XRP price comes amid a rebound on the altcoin market. Ethereum ($ETH), the leading altcoin, has experienced a turnaround after weeks of consistently trading at lows.
In the past 24 hours, the $ETH price increased by 1.7% to $2,875. Other altcoins like Solana ($SOL), Dogecoin ($DOGE) and Cardano ($ADA) followed similar upward movement.
$SOL has rallied more than 4%, $DOGE spiked 1.54% and $ADA experienced gains of 0.9%.
As regards $SOL, the spike comes amid consistent inflows into the Solana exchange-traded funds (ETFs). According to a U.Today report, the $SOL ETFs recently registered 17 consecutive days of inflows.
The Bitwise ETF, BSOL, saw the highest inflows, recording $424.0 million worth of inflows between Nov. 3 and 19, 2025.
Meanwhile, sentiment on $ADA improved after the Cardano Foundation (CF) announced it is eyeing a new crypto exchange listing. CF supported a proposal led by the Snek Foundation, which is meant to expand Cardano listings on major exchange platforms.