CandleFocus XRP Eyes Run to ATH as Historic Golden Cross Nears Amid Spike Above $1.8
2024-11-30
Author: Content Editor
XRP, the cryptocurrency associated with Ripple, is experiencing a significant rally and may be on the verge of reaching a new all-time high. It has gained 16.5% in the past 24 hours, making it the top gainer among the top 70 assets. This momentum has led to a potential golden cross on the weekly timeframe, where the 50-period moving average rises above the 200-period moving average. This indicates a bullish trend that could lead to further price increases. XRP has gained 62% in the last two weeks and has reclaimed its position as the fifth-largest cryptocurrency by market cap. If the golden cross occurs, XRP could target the 2018 peak of $3.31. The cryptocurrency recently broke through the $1.50 level and is now looking to clear the $1.96 level. Technical analysis suggests a potential massive breakout in XRP's price due to declining volatility and a tightening structure.
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