XRP price is rising after it broke through the $3.05 resistance level on September 11, reaching its highest point in weeks. Traders are now preparing for a possible golden cross and renewed interest in the altcoin market.
A golden cross is a sign of a bullish trend in trading. It happens when a shorter-term moving average crosses above a longer-term one. This crossover shows a shift from bearish to bullish conditions and is often accompanied by higher trading volume.
Currently, XRP price is at $3.05, up 2.7% in the last 24 hours, with a market cap of $181.7 billion. Daily trading volume has increased by 26%, exceeding $5.4 billion.
XRP ETF Delays but Optimism Builds
The U.S. SEC recently delayed its decision on Franklin Templeton’s proposed XRP spot ETF until November 14, though analysts view the move as procedural rather than negative. Approval odds remain strong, as Polymarket bettors price a 91% chance of approval by December 2025.
Momentum for crypto ETFs is also accelerating more broadly. Bloomberg Intelligence analyst Eric Balchunas confirmed that a batch of REX–Osprey funds, including Bonk, Trump, Bitcoin, XRP, and Dogecoin ETFs, has cleared the SEC’s 75-day review window.
Unless regulators intervene at the last minute, the funds are expected to launch today, Friday, under the ’40 Act, which governs futures-based ETFs and provides a simpler path than the ’33 Act used for spot Bitcoin products.
XRP Price Prediction: Bulls Target $3.60 After Breakout
XRP price technical indicators suggest the rally still has room to run. The 14-day RSI at 55 shows the token is not yet in overbought territory, while the MACD histogram turned positive (+0.026) for the first time since late August.
Funding rates across major exchanges remain steady at +0.01%, signaling that leveraged long positions have not yet overheated.
According to crypto trader CW (@CW8900), who called a golden cross “imminent,” the move could push XRP price beyond its previous all-time high.
Similarly, analyst Ali highlighted two short-term scenarios, noting that a clear breakout above $3.05 could push the rally to $3.60. Alternatively, a temporary decline to the $2.80–$2.90 support zone could occur before another upward movement.
On-chain activity reinforces the bullish outlook. Santiment data shows wallets holding between 1M–10M XRP accumulated 130 million tokens, worth roughly $396 million, since September 10.
From a technical perspective, immediate resistance for XRP price stands at $3.20 (23.6% Fibonacci retracement from July’s $3.65 peak), followed by $3.60. Key support levels remain at $2.90 and $2.80, with open interest rising 5.7% to $3.1 billion, reflecting fresh derivatives positioning.
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