According to U.Today, XRP is on the verge of forming a golden cross, a pattern that occurs when a longer-term moving average, such as the 200-day EMA, crosses above a shorter-term moving average, like the 50-day EMA. This formation is often seen by traders and investors as a strong bullish signal, suggesting a significant price move for XRP may be imminent.

One potential scenario is a bullish continuation. If the golden cross occurs and XRP gains bullish momentum, the next important level to monitor would be around $0.60. Breaking above this level could enable XRP to target $0.65, a significant resistance point that has been challenging in the past. Should the market sentiment improve, particularly with positive flows into ETH and BTC ETFs, XRP might aim for even higher targets, possibly reaching $0.70 or $0.75. However, this would require strong market-wide gains and increased interest in altcoins.

Conversely, a bearish rejection is also possible. If the golden cross does not lead to a bullish breakout, XRP may struggle to maintain its current levels. The first support level to watch would be approximately $0.55. Falling below this barrier could result in additional losses, potentially testing $0.50. If the overall market remains neutral or turns negative, a decline below $0.50 could indicate a longer-term bearish trend, trapping XRP in a range and making it vulnerable to downside pressure.

The general market state is currently uneven. Bitcoin is trading around $60,000, with positive flows observed in ETH and BTC ETFs. Despite this, the market remains in a neutral state, with neither heavy buying nor selling pressure predominating. The outcome of the golden cross for XRP is crucial, given the wait-and-see attitude prevalent among altcoins.