XRP has surged past the psychological threshold of $3, reigniting discussions about its potential for substantial gains this month.

Key Insights:

• Following a Relative Strength Index (RSI) golden cross, XRP is projected to rise between $3.98 and $4.32 this October.
• The current market displays a strong conviction among holders, with profit-taking remaining subdued ahead of important ETF decisions.

XRP is currently capitalizing on a bullish technical signal that has historically triggered rallies up to 575%. An analysis of its RSI indicates a shift in momentum, favoring upward price movement.

Implications of the RSI Golden Cross

The golden cross on XRP’s 3-day RSI suggests a bullish shift, with significant price movements recorded in previous instances. The recent crossover aligns with the coin’s historical patterns of growth, particularly as it tests support at its 50-day exponential moving average (EMA).

Outlook

With the price hovering above $3 and convergence on key support levels, XRP is poised for an upward trajectory, targeting $3.39 initially. A decisive close above this level may lead XRP even higher, with projections of 40% growth if it breaches the 1.618 Fibonacci extension near $4.32.

XRP Price Chart XRP three-day price chart. Source: TradingView

Furthermore, the lack of intense profit-taking during this rally is a departure from previous market behaviors, signaling potential conviction from long-term holders as they await rulings on critical ETF decisions.

“This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.”