The XRP Stoch RSI has formed a golden cross on the weekly timeframe — an occurrence that previously led to massive price spikes.
With XRP currently recovering from the latest market turbulence, multiple market experts believe it could be on the brink of a massive rally. Specifically, at the current price of $2.64, XRP has rebounded by an impressive 20.6% from the Oct. 17 lows of around $2.18.
Amid this recovery effort, pseudonymous analyst ChartNerd recently called attention to a bullish golden cross that the XRP Stochastic RSI indicator has formed on the weekly chart. Interestingly, this bullish occurrence has occurred twice since Q4 2024, and each time, XRP responded with a rapid push.
Previous RSI Golden Cross Instances
For the uninitiated, a golden cross on the Stochastic RSI occurs when the %K line (blue) moves above the %D line (orange), typically below the 20 mark. This movement often signals growing bullish momentum and a possible buying opportunity.
Notably, this cross materialized on the weekly timeframe in November 2024, with the %K line spiking from 4.78 to 20.66 and the %D line dropping slightly from 11 to 10.07. XRP, which traded for $0.50 at the time, surged in response, leading to both Stoch RSI lines soaring along with the price. ChartNerd confirmed that the XRP price increased by 500%.
The second cross occurred in mid-April 2025, as the %K line rose from 3.05 to 5.44 in a week, with the %D line dropping from 4.94 to 4.42 within this period. Notably, XRP again responded with a price surge, spiking 128% from the $1.61 low in April to the $3.66 peak by July.
XRP Stoch RSI Sees Third Golden Cross
Most recently, the golden cross has materialized again, as XRP looks to recover from the Oct. 10 crash. Specifically, the %K line, which stood at 8.35 last week, has risen to 18 this week, higher than the %D line, currently at 10.96. While ChartNerd believes a rally could occur from here, the rate of increase remains uncertain.
For context, the average increase from the two previous instances stands at 314%. With XRP currently trading for $2.64, a 314% rise from this level would push prices to $10.93, close to the $11 price region.
Interestingly, several market watchers have predicted a possible rise to $11. For instance, in August, analyst Ali Martinez projected an XRP rally to $11 after a bull flag breakout. Meanwhile, a month before, EGRAG Crypto suggested that XRP may soar to $11, but a further push toward $22 is not off the table.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
