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Cryptocurrency News Articles
XRP (XRP) Is on the Verge of a Bullish 'Golden Cross' Technical Pattern Against Bitcoin (BTC)
Nov 22, 2024 at 11:19 pm
This pattern, often seen as a bullish signal, occurs when a short-term moving average crosses above a long-term moving average, indicating potential upward momentum.
XRP's Bitcoin (BTC) pairing is nearing a technical pattern known as a "golden cross." This pattern, which is frequently regarded as a bullish signal, occurs when a short-term moving average crosses above a long-term moving average, indicating potential upward momentum.
On the XRP vs. BTC chart, the 50-day SMA has turned up and is expected to move above the 200-day SMA in the coming days. Both moving averages are already converging, suggesting that a golden cross is imminent. For XRP, this could herald further price gains against Bitcoin, especially if the broader cryptocurrency market remains favorable.
The potential for a golden cross comes at a time when XRP and other altcoins are rallying.
According to Santiment, "While eyes have been on Bitcoin making history, altcoins like XRP are growing their respective market caps rapidly. As long as BTC maintains a $95,000 support, expect November profits to continue redistributing to altcoins."
XRP gains ground against Bitcoin
XRP is outperforming the top crypto asset in weekly and monthly gains, gaining ground against Bitcoin. XRP has increased 61% weekly, while Bitcoin has gained 9% during the same period.
XRP has been rising against Bitcoin since Nov. 12, reaching a high of $0.00001522 in today's trading session, a level not seen since early December 2023.
After SEC Chair Gary Gensler announced his intention to step down, select altcoins soared in the last 24 hours.
Following Gensler's statement on Thursday, XRP increased by as much as 30% on Friday. Ripple is engaged in a lengthy legal battle with the SEC over the classification of digital assets.
At the last check, XRP was up 25.76% in the last 24 hours to $1.42. Bitcoin trades at $97,563 after hitting all-time highs of $99,543.
Disclaimer:info@kdj.com
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- The Fascinating World of Rare British 50p Coins: From Benjamin Bunny to Kew Gardens
- Nov 23, 2024 at 04:25 am
- The world of coin collecting has seen a surge in interest over the years, with certain rare coins fetching eye-watering prices at auctions and on marketplaces like eBay. Among the most sought-after coins in the UK are 50p pieces, particularly those that feature unique designs or commemorate significant national events.
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- The King Charles III 50p Coin: A New Era of Collectibles
- Nov 23, 2024 at 04:25 am
- The Royal Mint has released a series of 50p coins featuring the portrait of King Charles III, but one particular coin has quickly surpassed even the iconic Kew Gardens 50p coin in terms of desirability. With the growing interest in coin collecting, it’s now more important than ever to check your change — you may be holding onto a hidden treasure that could be worth much more than its face value.
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- XRP (XRP) Keeps Attracting Interest With Its Increasing Price Trajectory as Rexas Finance (RXS) Emerges a Possible Rival
- Nov 23, 2024 at 04:25 am
- XRP has increased 4.34% over the previous 24 hours, raising its market capitalization above $65 billion. With analysts speculating about the likelihood of a major price breakout, this little movement has driven forecasts that XRP might shortly break $1.50. But another growing star in the crypto scene while the globe observes XRP’s every action is Rexas Finance (RXS). A Ripple millionaire sees this coin as a major rival to XRP’s supremacy since he believes it might soar by an amazing 19,900% to $16 in the next 70 days or less.