CandleFocus XRP on Verge of Bitcoin Golden Cross: Details
2024-11-22
Author: Content Editor
XRP is showing signs of a bullish pattern known as a "golden cross" in its Bitcoin pairing, with the 50-day moving average expected to cross above the 200-day moving average. This could potentially lead to further price gains for XRP against Bitcoin. Altcoins, including XRP, have been experiencing rallies and growing their market caps rapidly. XRP has outperformed Bitcoin in weekly and monthly gains, increasing by 61% compared to Bitcoin's 9% gain. XRP reached a high not seen since early December 2023. The announcement that SEC Chair Gary Gensler plans to step down caused a surge in XRP and other altcoins. XRP increased by 30% following the statement. At the time of writing, XRP was up 25.76% in the last 24 hours, trading at $1.42. Bitcoin traded at $97,563.
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