Altcoins are consolidating strongly as the star cryptocurrency Bitcoin has been extremely sluggish in recent days. However, the XRP price has not followed the trend and has remained in an ascending range.
Meanwhile, the token is about to undergo a bullish event, which could push the price above critical resistance levels.
A few days ago, Bitcoin experienced a 'Golden Cross' which is believed to have pushed the price up from the current consolidation. The first weekly Death Cross that followed soon after nullified the impact and forced the price to remain consolidated.
However, in the next few days, Golden Cross is ready to attack the crypto space, but this time it is with XRP.
XRP price has been trading inside a decisive triangle for quite some time and has been rising from the lower support and ranging high.
Therefore, the bullish momentum is slowly building and the upcoming event may offer a nice lift for the XRP price, which is required to rally above $0.4 right now.
However, critical resistance lies around $0.5129, making it clear that the bears may approve of the XRP price.
The technicians have also been showing strength. Although the RSI was flat in February, it is now ready to confirm a bullish divergence.
Also, the MACD is about to experience a bullish crossover and go higher. Therefore, bullish flags are fluttering around the Ripple (XRP) price, which may push the price beyond $0.4 in the coming days and above $0.5 before the end of the month.
