"Hit the bottom of the rising channel"...XRP, will it complete a golden cross and break through upper resistance?

▲ XRP

XRP has reached the bottom of its long-term rising channel and is signaling an imminent golden cross, indicating a potential major technical surge.

According to crypto media outlet The Crypto Basic on April 14 (local time), XRP's price has fallen by 25% this year, pushing it down to the lowest support line of its multi-year rising channel. However, amid this decline, the weekly Relative Strength Index (RSI) is on the verge of a golden cross. Market analyst CW analyzed that the current technical structure is very similar to the situation just before explosive rallies in the past.

XRP is currently down 62% from its high of $3.6 recorded in July 2025. The current price is touching the lower support line of the rising parallel channel that has formed on the weekly chart since 2017. Historically, every time XRP retested this support line, it was followed by a strong rebound without exception. A prime example is when the price, which was $0.003 in January 2017, soared to $3.31 within a year after rebounding from the support line.

A golden cross on the weekly Relative Strength Index signifies that strong buying pressure has begun to enter the market. At the time of analysis, XRP was trading around $1.34, and it has since slightly rebounded to the $1.37 level, with the golden cross already occurring. CW assessed that the convergence of the golden cross on the indicator while the price is at the bottom of the channel is a very optimistic signal. He emphasized, "This is the starting point of a new rally."

Past data suggests that this support line test is an opportunity beyond a mere correction. In July and October 2024, XRP also touched the bottom of this channel at around $0.38 and $0.5, respectively, before surging to $3.4. If the same pattern repeats this time, it could end the current tedious downtrend and begin a move towards an all-time high. Investors are confident in the resilience of this support line, which has been maintained for nearly 10 years.

In a phase of increasing volatility in the virtual asset market, XRP's unique technical signals have emerged as a key driver for restoring investor sentiment. While Bitcoin (BTC) and Ethereum (ETH) are searching for direction, XRP is accumulating energy above its historical support line. Experts believe that if trading volume accompanies the golden cross, upward pressure will intensify.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*