XRP Price To New All-Time High? Analyst Says $5.8 Is Possible Following ‘Golden Cross’
2025-02-16
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The XRP price action has been one of the brighter spots in the cryptocurrency space in 2025, weathering virtually every storm the market has faced. However, the altcoin could not avoid the market downturn triggered by the new trade tariffs imposed by United States President Donald Trump.
The price of XRP dropped to around $2.1 due to the bearish sentiment that engulfed the entire crypto market. However, the XRP token seems to be back on the bullish track, jumping by more than 12% on Friday, February 14.
Here’s How XRP Could Reach New ATH
In a Friday post on the X platform, pseudonymous crypto analyst Dark Defender shared an updated analysis of the XRP price. The popular crypto trader highlighted the altcoin’s potential to a new all-time high around the $8 level over the next few weeks.
The price of XRP rallied towards $2.8 after the US Securities and Exchange Commission (SEC) acknowledged Grayscale’s XRP ETF application. According to Dark Defender, this positive price action has provided a springboard for the altcoin’s next move.
However, the crypto pundit noted that the XRP price needs to clear some hurdles, specifically a major resistance zone around $2.9, to run up to the critical Fibonacci level of $5.85 and potentially 8.03 (an almost 200% rally from the current price). Interestingly, this projection is reinforced by changes in the daily Relative Strength Index (RSI) indicator.
The RSI is a technical analysis indicator used to measure the balance between a token’s bullish and bearish momentum. According to Dark Defender’s post on X, the XRP RSI has recently formed a Golden Cross, a signal often associated with increased buying pressure.
In the RSI — as with other indicators — a Golden Cross occurs when a short-term moving average crosses above a longer-term moving average. Typically, Golden Cross formations are associated with extended bullish periods, increasing the odds of XRP price maintaining its upward trend toward $5.85 and beyond.
If this bullish scenario does not hold, the next support level to watch out for lies around $2.44. However, if the XRP price does not defend this demand zone in case of a pullback, investors could see the fall to the $2.3 mark.
XRP Price At A Glance
As of this writing, the price of XRP stands at around $2.7, reflecting an over 10% increase in the past 24 hours. According to data from CoinGecko, the third-largest crypto is up by nearly 14% in the past seven days.