With XRP currently recovering from recent 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.
Bullish Indicator Emerges
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. This bullish occurrence has materialized twice since Q4 2024, and each time, XRP responded with a rapid price increase.
For those unfamiliar, a golden cross on the Stochastic RSI occurs when the %K line moves above the %D line, typically when both are below the 20 mark. This pattern often signals growing bullish momentum and suggests a potential buying opportunity.
Historical Performance of RSI Golden Crosses
The first notable instance of this cross occurred on the weekly timeframe in November 2024. During this period, the %K line surged from 4.78 to 20.66, while the %D line saw a slight decrease from 11 to 10.07. XRP, which was trading at $0.50 at the time, experienced a significant rally in response, with both Stoch RSI lines climbing alongside the price. ChartNerd noted that XRP's price increased by 500% following this event.
The second instance of the golden cross took place in mid-April 2025. In this case, the %K line rose from 3.05 to 5.44 within a week, while the %D line dropped from 4.94 to 4.42 during the same period. XRP again demonstrated a strong positive reaction, with its price surging 128% from a low of $1.61 in April to a peak of $3.66 by July.
XRP Sees Third Golden Cross Amid Recovery
Most recently, the golden cross has materialized again as XRP aims to recover from the Oct. 10 crash. Specifically, the %K line, which was at 8.35 last week, has risen to 18 this week, surpassing the %D line, which is currently at 10.96. While ChartNerd anticipates a potential rally from this point, the exact pace of the increase remains uncertain.
Historically, the average price increase following the two previous golden cross instances stands at 314%. If XRP were to experience a similar surge from its current trading price of $2.64, it could reach approximately $10.93, nearing the $11 price region.
Analyst Predictions Align with Potential Surge
Interestingly, several market watchers have predicted a possible rise to $11 for XRP. For example, in August, analyst Ali Martinez projected an XRP rally to $11 following a bull flag breakout. Additionally, a month prior, EGRAG Crypto suggested that XRP might ascend to $11, with the possibility of further gains toward $22 not being ruled out.