XRP Completes Double Golden Cross Against BTC, $2 Next?

$XRP landed a double golden cross on its Bitcoin chart following a ferocious rally this week as several catalysts sent crypto assets higher. The golden cross signals were completed on $XRP/$BTC short-term timeframes, highlighting the recent positive momentum.

The 50 moving average (MA) rose above the 200 MA in a crossover on the 3-hour chart, completing a golden cross. The same scenario was seen on the 2-hour chart, with the 50 MA rising above the 200 MA as $XRP gained ground against Bitcoin.

$XRP exploded higher on its Bitcoin chart, posting four straight days of sharp increases. Saturday saw the largest spike to a six-month high, but this quickly retreated.

The recent rally against Bitcoin took $XRP above key barriers that have limited its price since January, notably the daily MA 50 and 200 on the $XRP/$BTC chart; a continuation of this positive momentum is now being watched, with the potential of $XRP reaching $2 in its USD pairing.

$XRP/USD potential target hints at $2

$XRP rallied ferociously this week, marking three straight days of sharp increases on the USD chart. The rally began on Wednesday following the Treasury's intervention in the bond market, easing pressure on risk assets.