XRP Price Prediction: XRP Back in the Green as Bulls Battle Death Cross Fears on Path to $2.50 Breakout
The post XRP Price Prediction: XRP Back in the Green as Bulls Battle Death Cross Fears on Path to $2.50 Breakout appeared on BitcoinEthereumNews.com.
After a volatile week marked by a “death cross” and sudden sell-off, XRP has bounced back with a vengeance above the $2.18 level. Despite technical headwinds and lingering regulatory uncertainty, bulls are eyeing a return to $2.50 — a level that could mark the start of a long-awaited mega rally. XRP Price Rebounds After 9% Drop XRP price is back on investors’ radars after recovering from a sharp 9% plunge earlier this week. Following a sell-off that briefly sent the XRP price to a low of $2.06 on Thursday, bulls pushed the token back to $2.18 by Friday morning. The recovery came just as a concerning technical pattern—the “death cross”—formed on XRP’s hourly chart. XRP was trading at around $2.17 at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin A death cross, typically seen as a bearish signal, occurs when the short-term moving average crosses below the long-term moving average. In this case, XRP’s 50-period SMA slipped beneath the 200-period SMA, prompting concern among traders. But instead of extending its losses, XRP defied expectations. XRP has now traded in the green for seven of the past eight hours. According to CoinMarketCap, daily trading volume surged by 73.9% to reach $3.5 billion, suggesting renewed bullish interest in the Ripple market. XRP Eyes $2.50 as Bulls Regain Confidence The recent recovery has turned traders’ focus toward a possible breakout above the $2.20–$2.30 resistance zone. If XRP clears this region—supported by its 50-day and 100-day EMAs around $2.26—the path to $2.50 could become increasingly viable. This target marks a psychological milestone for many retail investors and a technical pivot for short-term traders. XRP has found support at the lower Bollinger Bands near $2.16, suggesting a potential bullish move ahead. Source: Sahrin on TradingView According to crypto analyst Sahrin, XRP rebounded…
Filed under: News - @ June 8, 2025 3:19 am