XRP Eyes Bullish Breakout as 400-Day Support Holds Ahead of Weekly MACD Golden Cross

⬤ XRP is approaching a significant technical milestone as the weekly MACD indicator hints at a Golden Cross formation. Points out that when this pattern last emerged, XRP rallied to fresh all-time highs. With the MACD currently sitting in oversold territory, the stage appears set for upward momentum in the weeks ahead.

⬤ The Golden Cross happens when a short-term moving average crosses above its long-term counterpart, typically signaling the start of a bullish trend. What makes this particularly interesting is that XRP has successfully defended a crucial support zone for more than 400 days straight, strengthening the case for an upward move.

⬤ Past crypto market cycles show that these technical patterns often precede major price movements. XRP’s ability to hold this key support level for such an extended period suggests the foundation is solid for what could be the next leg up. If the Golden Cross fully materializes, we might be looking at a repeat performance of previous rallies.

⬤ Beyond just price action potential, this setup aligns with growing bullish sentiment in the broader market. A confirmed Golden Cross would validate what many traders are already anticipating and could influence both near-term trading strategies and longer-term investment decisions around XRP.