XRP (XRP-USD) has reclaimed the $3 level and analysts say a powerful technical signal could drive a breakout that takes the token as high as $4.32 in the coming weeks. The same setup has preceded some of XRP’s most explosive rallies in the past and is flashing again this October.
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Golden Cross on RSI Fuels Bullish Momentum
XRP’s three-day relative strength index has just crossed above its 14-period moving average, a formation known as a golden cross. This shift in momentum has been a reliable signal before. In June it sparked a 75 percent rally. In April it led to a 28 percent gain. Last November it coincided with a 575 percent surge to all-time highs.
The signal now comes as XRP retests support at its 50-period exponential moving average, a level that has consistently reinforced past breakouts. The alignment of this support with the golden cross is fueling expectations of another strong move.
October Price Targets Stretch toward $4.32
If buyers can hold XRP above $3 and push through resistance at $3.39, chart projections suggest the next targets sit at $3.98 and $4.32. This would represent gains of between 30 and 40 percent over the coming month.
Both the Fibonacci retracement levels and a bullish descending triangle breakout point toward similar upside, giving traders multiple reasons to expect continuation. Analysts argue that the current setup looks even stronger than past cycles due to heightened liquidity and institutional interest.
Holders Show Conviction as ETF Decisions Approach
On-chain data shows profit-taking remains muted despite XRP’s rebound. The percent of circulating supply in profit has held steady since November 2024, suggesting that long-term holders are choosing patience over selling.
This conviction is especially notable with multiple XRP exchange-traded funds awaiting regulatory decisions this month. Investors see ETF approvals as a potential game changer for liquidity and adoption, and the lack of heavy selling signals growing confidence in XRP’s future.
With momentum building on the charts and October catalysts on the horizon, analysts say XRP could be primed for its strongest rally of the year.
At the time of writing, XRP is sitting at $3.0322.
