XRP Completes 2-Hour Golden Cross, Price to Rebound?

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP has completed a golden cross on its two-hour chart. The 200 SMA on the two-hour chart has fallen below the 50 MA, producing a golden cross. This signal comes at an unexpected time in the market with most cryptocurrencies, including XRP, trading in the red. Advertisement At the time of writing, XRP was trading down 0.80% in the last 24 hours to $1.35 and down 1.36% weekly. This follows a broader drop in the crypto market with $172 million liquidated in the last 24 hours. XRP/USD 2-Hour Chart, Image By: TradingView A lower-than-expected jobs report in the past week increased concerns about the economy, with traders looking ahead to the possibility of interest rate cuts at a Federal Reserve meeting later this month. Saturday's drop comes on the heels of a stronger dollar index, with most assets paired with the dollar falling. HOT Stories Former Ripple Senior Engineer Breaks Silence on Failed Project Codius, Bitcoin Becomes Green for March, Shiba Inu (SHIB) Max Pain May Be 'Blessing in Disguise' — Morning Crypto Report Bessent Meets Bukele to Talk Crypto You Might Also Like Sat, 03/07/2026 - 21:00 XRP Derivatives Spike 1,185% on CEX as Traders Eye Next Move By Tomiwabold Olajide Advertisement Price action in the crypto market has largely been driven by macro narratives rather than new catalysts, causing uncertainty with traders now focusing on key support and resistance levels amid sideways trading in the market. XRP price to rebound? XRP is seeing quiet trade on Sunday with its volume dropping 36% in the last 24 hours to 1.32 billion, according to CoinMarketCap data. Traders appear to be on the defensive as XRP's price drop since March 4 is entering its fourth day. XRP briefly rose to $1.37 on Sunday, before falling to $1.34 at press time. Advertisement You Might Also Like Sat, 03/07/2026 - 12:52 XRP Price at Make-or-Break Point, Bollinger Bands Signal By Godfrey Benjamin Traders are watching whether $1.34 holds as a support, as a rebound could target the next price levels near $1.36 and $1.37 and potentially $1.40, while a break lower may open the door to deeper support around $1.30 to $1.32. It will be watched if positive potential might arise in the short term from the recently completed golden cross on the two-hour chart, but it is more likely XRP follows the direction of the market, which will also be watched. Institutional flows remain mixed, with XRP-linked investment products seeing outflows while derivatives activity declined slightly. XRP ETFs saw outflows of $16.62 million on March 6. This suggests reduced speculative participation as the market digests recent volatility. #XRP News #XRP