XRP Completes Double Golden Cross: Is Bullish Breakout Finally Underway?

XRP has completed two short-term golden cross signals on its charts, one on the 2-hour and another on the 4-hour timeframe. A golden cross occurs when a shorter moving average crosses above a longer moving average.

The formation was seen on XRP's 2-hour chart when the MA 50 crossed above the MA 200, while on the 4-hour chart, the MA 50 rose above the MA 200 in a crossover. Additionally, XRP has broken out above its daily moving average of $1.13, which is a significant price level.

Crypto analyst Ali believes that a decisive breakout above $1.13 could confirm the bullish breakout and open up further upside potential for XRP. The next major target for the asset is at $1.30.