XRP Could Reach $24 If Rare Golden Cross Is Confirmed on XRP vs. Bitcoin Chart

XRP is exhibiting significant technical signals, particularly an ultra-rare golden cross on its monthly chart against Bitcoin. This unique situation could lead to potential price targets, suggesting XRP may surge as high as $24 if certain conditions are met.

Key Takeaways

XRP has formed a rare golden cross on the monthly chart against Bitcoin.
The current XRP/BTC trading price is about 0.00002116 BTC, which translates to approximately $1.86 per XRP.
Analysts project a potential target of up to 0.00027508 BTC, indicating a price of roughly $24.20 per XRP if Bitcoin’s value remains stable.
The success of this bullish scenario depends on sustained demand for XRP and maintaining key support levels.

XRP Could Hit $24 If This Ultra Rare Golden Cross Is Confirmed on XRP vs. Bitcoin Chart

Main Content

XRP is currently presenting notable signs that are drawing traders' attention. One of the most striking indicators is an ultra-rare golden cross on the monthly chart compared to Bitcoin. This occurs when the 23-month moving average crosses above the 50-month moving average, a pattern not seen in seven years, since 2018, as highlighted by a TradingView chart.

The last recorded monthly closing price on this chart was approximately 0.00002116 BTC per XRP. The projected “1,200% run versus Bitcoin” suggests a potential target for XRP/BTC of about 0.00027508 BTC for each altcoin.

To put this in monetary terms, the implications of this golden cross are impressive. With Bitcoin currently valued at $87,976, the 0.00002116 BTC for XRP equates to around $1.86 per coin. The target of 0.00027508 BTC implies an enticing price of about $24.20 per XRP, assuming Bitcoin remains steady.

XRP/BTC Chart by TradingView

This target is not a random figure; it is actually about 20% higher than the previous XRP/BTC peak zone visible on the chart, which is near 0.00022865. Consequently, the trade setup appears more like a "breakout plus extension" instead of a simple retest.

If the golden cross is confirmed and the XRP/BTC ratio moves closer to the 2018 highs, the narrative shifts in favor of XRP. It suggests that XRP does not necessarily need Bitcoin to decline to see price gains; instead, it requires sustained relative demand, which can lead to substantial upside potential.

However, it's essential to note that monthly signals are typically slow to materialize, making confirmation critical over mere speculation. If the XRP/BTC ratio can maintain itself above nearby resistance levels, it is likely to establish higher lows as trading volume increases. Conversely, if it falters, the ratio may retreat back to the 0.00002 range, rendering the golden cross a false start.