The $XRP market is showing signs of a long-awaited reversal as, after prolonged pressure observed since the beginning of the year, a "golden cross" has formed on the daily timeframe - the short-term 23-day moving average has crossed above the medium-term 50-day moving average from below, as per TradingView.
The main point of interest now is not the fact of the crossover itself, but the distance to the heavy resistance - the long-term 200-day moving average that is currently located at $1.8251.
How the Golden Cross activates a 30% upside scenario
Given the current market price of $1.4037 per $XRP, the technical gap between current levels and the long-term trend stands at exactly 30%. In technical analysis, such gaps often act as a "magnet" after confirmation of a bullish impulse.
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