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Ripple's XRP Sees 35% Rally Target as Golden Cross Nears

Guavy AI Editorial Team
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BTC XRP
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XRP's price jumped roughly 7% over the weekend to $1.41, fueled by a short squeeze that wiped out around $8.05 million in short positions as Bitcoin broke above $80,000.

The surge was accompanied by increased spot volume, which hit $1.36 billion in 24 hours, up about 90% from the day before.

XRP is also approaching a golden cross, with its 50-day moving average just 2% below its 200-day moving average, the closest gap since August 2024.

This could be bullish news for XRP investors, as five of the ten previous golden crosses that lasted long enough resulted in gains between 85% and over 1,000%.

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