Introduction
Ripple’s XRP token is flashing a rare bullish signal with a 5-day MACD Golden Cross, reminiscent of its July rally. Analysts are divided on whether the current retest of $2 support will hold or lead to a drop below $1.80. Long-term forecasts project XRP could reach $8 by 2026 if ETF demand and adoption accelerate.
Key Points
- A 5-day MACD Golden Cross has formed on XRP's chart, a pattern last observed before its July rally to all-time highs.
- XRP must defend the $2 support zone; a breakdown could see prices fall to $1.80, while a break above $2.2770 resistance may target $2.75.
- Institutional analysts forecast XRP reaching $8 by 2026, a 247%+ upside, contingent on ETF demand and sustained adoption.
A Rare Technical Signal Emerges
The XRP market is showing renewed strength, with the token gaining over 10% in the past week and trading near $2.10 on daily volume of approximately $3.86 billion. The primary catalyst for this attention is a significant technical development highlighted by analyst ChartNerd: a “Golden Cross” has appeared on the 5-day Moving Average Convergence Divergence (MACD) indicator. This occurs when the MACD line crosses above its signal line, a move now accompanied by the histogram switching from red to green.
ChartNerd noted the historical significance of this pattern, stating, “The last time this signal printed was in July, where $XRP rallied to a new ATH.” That previous signal preceded a strong rally, and the current setup shows similar conditions forming after months of the MACD trending downward. This flip suggests potential strength is building in the market. Other analysts, like Steph Is Crypto, maintain a long-term bullish view, pointing to the Relative Strength Index (RSI) having recently “flashed a powerful signal” for future price performance.
Critical Support and Resistance Levels in Play
Despite the bullish signal, XRP’s immediate future hinges on key price levels. The token is currently holding near a critical support zone between $2.00 and $2.10. Analyst CRYPTOWZRD identified $2.2770 as the crucial resistance level that needs to be cleared to maintain upward momentum. “A move towards the $2.2770 resistance showing weakness would offer a short,” they noted. A successful break above this level could open a path toward $2.75, with $2.00 acting as the main daily support.
However, the situation is precarious. After breaking out from a falling wedge pattern, XRP has pulled back to retest the breakout zone around $2.05, an area tested several times. Analyst CRYPTO CAPTAIN warned of potential downside, stating, “XRP had a breakout, now looks like a retest is happening. But if the price won’t turn bullish before the end of the day, then unfortunately XRP will drop below $1.80.” A breakdown from this retest risks a deeper correction toward previous support zones, potentially as low as $1.80.
Long-Term Bullish Forecasts and On-Chain Clues
Contrasting the short-term uncertainty, some analysts project a dramatically higher long-term outlook. InvestingHaven has noted that XRP could reach $8 by the end of 2026, a move that would imply over 247% upside from current levels. This forecast, shared by analysts at major institutions, is contingent on factors like ETF demand and continued adoption. The token has already gained around 25% this month, providing a foundation for such optimistic projections.
Supporting the bullish thesis is on-chain data showing XRP leaving major exchanges like binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance and Upbit. This pattern of accumulation off exchanges is significant; the last time a similar outflow occurred in late 2024, the price moved up sharply soon after. This recurring behavior suggests a similar pattern of reduced selling pressure and potential accumulation may be building again, aligning with the positive long-term technical and fundamental forecasts for Ripple’s XRP.
📎 Related coverage from: cryptopotato.com
