XRP Establishes Support in the Golden Pocket as Indicators Stabilize

XRP's Market Position: XRP is showing strong support near a previous cycle high and a golden pocket, indicating a solid foundation for potential price increases as traders target the $3 zone.

Reaccumulation Signals: Analysts note classic reaccumulation behavior as the price remains stable despite a cooling RSI, suggesting that traders are reloading positions without a significant price drop.

Golden Cross Indicator: A recent golden cross on the hourly chart indicates a bullish shift, with XRP experiencing a notable price increase and analysts watching for a breakout in the $3 region.

Broader Altcoin Recovery: The overall recovery in the altcoin market, including gains in Ethereum and Solana, boosts confidence in XRP, as increased market participation enhances liquidity and supports bullish trends.