The latest XRP price prediction highlights the potential for the coin’s breakout, as it has continued to attract investors’ attention globally.

Reports show traders notice a possible Golden Cross pattern on the daily chart.

Analysts believe it could influence a new price rally for Ripple XRP, especially after weeks of consolidation.

Golden Cross Builds Hope Amid Price Stalemate

The Ripple Labs-linked coin has been locked in a tight trading range over the past month.

The current market outlook teases fluctuations between $2.06 and $2.09. As of this writing, market data shows that the coin is priced at $2.08.

Its market capitalization is currently $121.94 billion, up 1.48% in the past 24 hours.

However, trading volume is slightly down at $1.55 billion, suggesting some traders’ hesitation.

XRP price has also maintained its position as the fourth-largest cryptocurrency. The XRP market has struggled to surpass the $2.50 resistance point in the last few weeks.

Despite several attempts, XRP has failed to gather enough buying pressure to test that level again.

However, technical analysts are pointing to the early signs of a Golden Cross.

Based on market trends, this is a signal that occurs when a short-term moving average crosses above a long-term moving average.

Though speculative, this chart pattern is often linked to strong bullish movement. Recent analysis suggests that XRP could push past the $2.60 barrier if the Golden Cross pattern plays out.

This would mark the first real breakout since it dropped below a high of $3.40 in January.

Proponents of XRP believe it still has the strength to return to those highs, especially with some help from global trends.

XRP Price Prediction: How High Can It Soar from Here?

XRP price predictions vary, but the mood among some market watchers has shifted toward optimism.

In the best-case scenario, a confirmed Golden Cross might set XRP on a path back to the $3 mark.

Some analysts eye $4.50 as a long-term target before the end of 2025. This would depend on several factors lining up in XRP’s favor.

XRP already saw a major jump in early January with a 46% increase, but February and March came with losses.

The current pattern may help correct that trend. A strong move above $2.60 could act as a launchpad toward new local highs.

XRP News That Could Shape Next Price Move

For XRP to gain market share, several things must align based on the general market perception. First, the key growth indicators must remain intact.

Second, market sentiment needs to improve. Volume has dropped, showing traders are becoming more cautious and uncertain.

A price rally is more assured if the above sentiment towards the coin changes.

Another key factor is the growing interest in Asia. Japan’s central bank has officially confirmed that by 2025, all banks in the country will adopt XRP for payment transactions.

The market believes this could attract fresh capital and strengthen price action. If adoption rises and trading picks up, XRP might break free from its current range.

Per the above, Bitwise, Canary Capital, 21Shares, Grayscale, ProShares, Volatility Shares, and Franklin Templeton have filed XRP ETFs.

They are expected to receive approval in the coming months per expert speculations.

Analysts believe that the confirmation of a new SEC leader could speed up the approval process and trigger a stronger price rally for the token.