TL;DR

1. XRP’s Modest Gains: XRP has underperformed in the recent crypto market rally, rising only 5% compared to larger gains by Bitcoin, Ether, and Solana.
2. Bullish Predictions: One analyst anticipates a potential “Golden Cross” for XRP, suggesting a future price surge, possibly up to $1.50 if it surpasses the $0.75 resistance level.
3. Signs of a Slowdown: Despite optimistic forecasts, XRP is experiencing a downturn in transaction activity and some analysts warn of possible consolidation and price correction.

Is XRP on the Verge of a Bull Run?

The cryptocurrency sector has been on the rise recently, with its global market capitalization surging to almost $1.7 trillion (per CoinGecko’s data). Ripple’s native token – XRP – has not been among the best performers, climbed by just 5% in the past week. In comparison, Bitcoin (BTC) has jumped around 13%, Ether (ETH) has spiked 12%, and Solana (SOL) has pumped 17% for the same period.

Nonetheless, some analysts remain confident that XRP’s price will explode in the near future. The popular X (Twitter) user JD claimed that the asset will experience a so-called “Golden Cross” in the upcoming days. Such a development could substantially boost the XRP valuation based on historical events.

JD noted that XRP’s rice skyrocketed approximately 650 times after a “Golden Cross” witnessed in 2017. Still, the analyst warned that the token might first go through a correction before rallying impressively.

A “Golden Cross” is a chart pattern showing that the short-term moving average has crossed above a long-term moving one. It is considered a bullish event and has historically propelled price surges in other cryptocurrencies, such as Bitcoin (BTC).

Another analyst wh