Analyst Spots Bullish Cross on XRP Weekly Chart Signaling Aggressive Rally

By: times tabloid|2025/05/14 00:30:07
0
Share
copy
XRP appears poised for another upward move, according to a recent technical analysis from Cryptoinsightuk (@Cryptoinsightuk), a well-known market analyst on X.In a post accompanied by a weekly chart, the analyst outlined several technical indicators suggesting that XRP may be preparing for a more aggressive rally in the coming weeks.$XRP feels like it is ready to continue to the upside.We've been holding previous range highs as support for 25 weeks now ish.Stochastic RSI is turning up out of the oversold area, indicating momentum is coming back to bulls.We still need a good week here to confirm a... pic.twitter.com/1IQQDeFYbx— Cryptoinsightuk (@Cryptoinsightuk) May 12, 2025Central to the analysis is the observation that XRP has been holding its previous range highs as support for approximately 25 weeks. The asset went on a historic run in late 2024 following former SEC Chair Gary Gensler’s resignation, climbing to a multi-year high of $3.39 in January 2025.Following this, it experienced a decline in early February and settled around $2. Since then, it has spent most of its time consolidating around this level, showing resilience and remaining above its 2021 peak of $1.96. Cryptoinsightuk noted that this sustained support forms a strong foundation for a potential breakout, especially as momentum indicators begin to turn.The Stochastic RSI on the weekly chart has also moved out of oversold territory. This typically precedes renewed upward momentum. Meanwhile, the standard 14-period RSI is recovering and approaching a potential bullish cross.Technical Setup Strengthens the OutlookCryptoinsightuk stated that XRP “still needs a good week here to confirm a bullish cross,” but emphasized that the market conditions align favorably for bulls. If the RSI confirms the move, the analyst expects the asset to experience a surge similar to late 2024, with the possibility of an even more aggressive move.We are on twitter, follow us to connect with us :- @TimesTabloid1— TimesTabloid (@TimesTabloid1) July 15, 2023The broader altcoin market performance is another factor supporting XRP’s bullish potential. Cryptoinsightuk acknowledged this positive altcoin performance, noting that market-wide momentum could skyrocket XRP.The chart reflects strong buyer interest during recent dips, as whales accumulated 900 million tokens last month. According to the analyst, if XRP experiences a bullish RSI crossover, it could be the final technical signal to trigger a major move.XRP’s current price action reflects this strengthening outlook. The asset is trading at $2.57, marking a 9.27% increase from the previous day. The rise follows not only favorable technical indicators but also positive developments in the legal and macroeconomic landscape, and this analysis suggests that XRP could soon experience an aggressive rally.Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.Follow us on X, Facebook, Telegram, and Google NewsThe post Analyst Spots Bullish Cross on XRP Weekly Chart Signaling Aggressive Rally appeared first on Times Tabloid.

-- Price

--

You may also like

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Overview of Important Market Events on June 16

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

Overview of Important Market Events on June 15

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

SpaceX Supply Chain Revealed: The Invisible Gold Mine Behind the Trillion-Dollar "Space Dream," from Nvidia's Computing Power Monopoly to China's Sole Supplier of Special Materials, these overlooked water-selling talents are the true wealth creation engine.

How to exit after asset tokenization?

Currently, three models have emerged, aimed at providing instant exit routes for tokenized real-world assets. Their differences lie in: who holds the funds required for exit, how efficiently the funds operate, and the extent to which this model can be scaled across different asset types.

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?

How does the GENIUS Act reshape the stablecoin landscape?

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com