XRP price fluctuates near $1.50 despite bullish golden cross

XRP is experiencing mixed market signals as it trades around the $1.50 level. Despite recent price corrections from highs near $1.70, technical indicators show a “golden cross” has formed, with the 50-day moving average crossing above the 200-day moving average, typically viewed as a long-term bullish signal.

Market sentiment remains divided. While some analysts project significant long-term targets ranging from $8 to $30, short-term technical structures show downward pressure. The asset is currently navigating a descending channel, with key support identified between $1.44 and $1.49 and resistance levels at $1.60 and $1.70.

Derivatives data suggests a resilient bullish bias; XRP funding rates remain mostly positive across major exchanges like Binance and Bybit, even as Bitcoin and Ethereum funding rates have turned negative. Additionally, institutional interest persists, evidenced by approximately $76 million in inflows to U.S.-listed spot XRP ETFs last week. However, broader market volatility and ongoing regulatory uncertainty regarding the SEC case against Ripple continue to influence price action.