Ethereum Forms Golden Cross as XRP Builds Momentum – What Are the Next Price Targets for ETH and XRP?
A significant technical pattern has emerged for Ethereum, hinting at potential upward movement. Meanwhile, XRP is showing signs of gaining strength. This development could indicate promising trends for both coins. Explore the next price targets for ETH and XRP and uncover which coins might be set for growth.
Ethereum Market: Short-Term Rally vs Long-Term Correction
Ethereum experienced a nearly 59% gain over one month alongside a roughly 16.5% decline over six months. The numbers reveal a marked short-term surge against a backdrop of longer-term weakness. A rapid burst of buying interest has emerged, contrasting with previous selling pressure and indicating a volatile price journey over time.
Current prices trade between about $1469 and $2038, with key resistance at around $2281 and substantial support near $1142. Bulls are active in the near term, though a high RSI suggests caution. Trading within the channel could see buyers step in near support, while sellers may look for a breakout toward the next resistance at $2850.
XRP Market Surge and Consolidation
XRP recorded a 14.46% gain over the past month and a remarkable 116.24% surge over the past six months. XRP’s performance reflected strong upward movement, suggesting significant investor interest and increasing momentum over time. Price action during these periods pointed to heightened volatility accompanied by substantial gains that attracted both short-term traders and long-term holders.
XRP currently trades between $1.75 and $2.50, with key resistance at $2.80 and $3.55, and solid support at $1.31 and $0.56. Oscillator readings and a near-neutral RSI of 54.30 indicate a market in consolidation. Bulls hold a slight edge, and traders might consider buying rebounds near support and selling into resistance.
Conclusion
ETH's golden cross suggests potential upward momentum. XRP is also gaining traction. For ETH, the next target could be around $2,200 if the bullish trend holds. XRP could aim for $0.70 if buying pressure continues. Both coins exhibit signs of growth, pointing to a promising short-term future.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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