The price of XRP, the native token of the Ripple payments network, has shown new signs of life after a prolonged bear market. Over the last week, XRP has seen both a surge in new user adoption and a key technical indicator that could signal the start of a new bull run.
Keypoints
- XRP price has formed a “golden cross” pattern on the 4-day chart, which has historically preceded major rallies of 700-1000%
- Crypto analyst JD predicts an imminent breakout for XRP based on this golden cross, with a potential price target above $14
- XRP saw a surge in new user sign-ups this week, with 54% growth, signaling increasing adoption
- XRP’s RSI is currently at 62, below the overbought level of 70, indicating room for more upside
- XRP recently broke out above its upper Bollinger Band at $0.65, showing bullish momentum
According to data from on-chain analytics firm Santiment, the number of new XRP wallets created daily spiked 54%…
