XRP Price Rebound Validated With Golden Cross

$XRP has surged by over 2.5% in the last 24 hours, with the price climbing from a low of $1.87 to hit a high of $1.94. This price rebound has been validated by a bullish indicator, the golden cross. As per CoinMarketCap data, a golden cross has formed on the 9-day and 26-day moving averages.

$XRP indicators tease upside

Generally, traders consider a golden cross as a bullish indicator for crypto assets. Its formation suggests that a rally could be in the making for the asset. In this case, $XRP might soar and regain the $2 zone amid this current bullish signal.

$XRP is already outpacing the broader crypto market’s 2.38% gain. If the coin sustains this momentum, it is likely to hit $2.50.

However, this depends on support from market participants, as its trading volume has not increased significantly. It only climbed slightly by 0.29% to $2.42 billion. Increased volume flowing from sustained buying pressure could support the coin’s upward trajectory.

As of press time, $XRP is changing hands at $1.92, which represents a 2.17% increase in the last 24 hours. With $XRP holding above its immediate support of $1.89 and the Relative Strength Index at 43.91, the coin has room for upward movement before it could slip into overbought territory.

February performance risks reversing price targets

As U.Today reported, $XRP could target $2.69 if it surges by between 30% and 40%, according to 21Shares' prediction. This projection is relying on regulatory stability and increased utility, which $XRP has gained in recent times.

It is worth mentioning that to achieve this level of growth, $XRP will need to overcome its historical precedent of poor February performance. $XRP has negative growth of 5.3% in the month, and any gains recorded now risk a reversal — except the community is rallying support to break the jinx in 2026.

On a bullish note, there have been over 3,200 new $XRP accounts⁠⁠⁠⁠⁠⁠⁠, signaling an increase in network adoption. This development coinciding with a golden cross formation is likely to support sustained growth for the coin.