Ripple (XRP) signals bullish move after gold ratio reset

Ripple (XRP) signals bullish move after gold ratio reset

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XRP is bouncing off key support against gold, ETF inflows are rising and the charts are showing bullish structure as prices move above the $3.65 ATH.

Ripple’s native cross-border token has returned to a support level in its ratio to gold that was previously in line with major reversals. This move is accompanied by technical signals that indicate decreasing downward pressure.

XRP/Gold ratio returns to historical support

Analyst Steph Is Crypto said that the XRP/XAU ratio is now at a historic support area. This same level marked the start of big moves in recent cycles – including gains of 800% in 2020, 120% in 2022 and 530% in 2024.

The RSI is currently oversold, indicating that downward momentum may be fading. The chart focuses on the performance of XRP against gold, not the dollar value. Historically, when XRP reached this point, prices shifted back up against the precious metal.

At the time of writing, XRP is trading at $2.15, which is 4% higher than its position 24 hours ago, but still 6% lower than 1 week ago. The asset rose from $2.05 to $2.17, breaking above the $2.14 level after several failed attempts. The move also saw an increase in volume, indicating strong buying interest.

At the same time, spot XRP ETFs saw renewed inflows. On Monday, they brought in $15.04 million, followed by $12.98 million on Tuesday. Meanwhile, XRP balances on exchanges remain near multi-year lows, which could increase volatility as new demand enters the market.

The technical structure remains bullish

Analyst EGRAG CRYPTO reported that XRP is compressing within a descending channel on the 3-day chart, near a key area between $2.30 and $2.40. They noted, “A clean 3D close above $2.40 is likely to confirm a breakout,” which could lead to moves towards $2.70 and $3.13.

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XRP is above the 50 and 200 EMAs. The 50 EMA is leveling off, while the 200 EMA continues to trend upward. The price strength above these indicators implies that the broader trend is stable, and the key support is at $2.00 in the meantime.

At the same time, CW, another market analyst, said shared that XRP has broken out of a major triangle pattern and entered a neutral phase. “The rally has only just begunthey said, pointing to the all-time high at $3.65 as the next major level.

According to long-term chart patterns, XRP may now be in phase 4 of its cycle. Previous transitions to this phase led to multi-month price increases. If the current structure holds and XRP clears the ATH, the next upside target could reach $22 based on Fibonacci projections.

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