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Bitcoin Aims for $97K as Bulls Take Charge — While Gold Loses Its Shine

As May begins, Bitcoin (BTC) is making headlines again—this time by approaching the $97,000 mark, its highest level since February 22. In just one day, the world’s largest cryptocurrency rose nearly 3%, sending a clear message: the bulls are back in control. Meanwhile, traditional safe-haven asset gold is down nearly 8% from its recent highs, creating an interesting contrast between the old and new stores of value. With global markets in a state of flux, investors are closely watching Bitcoin’s next move—and what it might mean for the broader financial landscape. Bitcoin’s Climb: A Perfect Storm of Momentum Bitcoin’s sharp move higher came during the opening hours of the U.S. trading session. Stocks were also rallying, with tech giant Microsoft jumping 10% and temporarily becoming the most valuable public company on the planet. This kind of synchronized bullish momentum in both equities and crypto suggests that investors are regaining confidence in risk-on assets. Popular trader a...
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XRP’s Ultra-Rare Golden Cross: Is a Major Breakout Coming?

In a significant technical development, XRP has formed an ultra-rare golden cross against Bitcoin (BTC), propelling its value 15% higher than the leading cryptocurrency. This bullish signal has sparked speculation about whether this is just the beginning of a major rally for XRP.

Currently trading at 0.00002834 BTC, XRP sits only 20% below its local highs, leaving investors wondering if the recent surge will continue. Historically, a golden cross—when a short-term moving average crosses above a long-term moving average—signals strong bullish momentum. However, this particular cross is unprecedented, as it marks the first-ever instance of XRP’s 23-day median surpassing its 200-day median against BTC.

Could XRP Reach $4.20?

Looking at key resistance levels, the next target for XRP appears to be 0.000043 BTC, which represents an additional 53% gain from current levels. If Bitcoin’s price remains stable, this move could push XRP’s dollar value to $4.17. Interestingly, this aligns with previous price predictions that projected XRP reaching $4.20, raising speculation about whether this is mere coincidence or a calculated pattern playing out.

For XRP to revisit its all-time high of 0.00024 BTC, it would require a staggering 1,000% rally, which seems unlikely unless a game-changing development—such as XRP being adopted as a global reserve asset—occurs.

What’s Next for XRP?

While nothing is guaranteed in the crypto market, XRP’s golden cross suggests strong upside potential. If momentum continues, XRP could test key resistance levels and approach its long-term bullish targets. Investors will be closely watching to see if this breakout marks the beginning of a larger rally or just another short-term surge.

With technical indicators aligning and bullish sentiment growing, XRP’s latest move could be the start of something big. Will it defy expectations and break new ground? Time will tell. 

Source: investing.com

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