bullish

Strong

Bitcoin

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The formation of a golden cross is about to occur for XRP. When a longer-term moving average like the 200-day EMA crosses above a shorter-term moving average like the 50-day EMA, this pattern is formed. A significant price move for <a href="https://u.today/ripple-cto-breaks-silence-on-major-xrp-ledger-misconception-details" rel="noopener noreferrer nofollow">XRP</a> may be imminent, according to traders and investors who frequently see this as a strong bullish signal.
One scenario is a bullish continuation. The next important level to keep an eye on would be around $0.60 if the golden cross occurs and <a href="https://u.today/104-million-xrp-mysteriously-transferred-as-whales-make-major-moves" rel="noopener noreferrer nofollow">XRP</a> gains bullish momentum. If this level is broken above, XRP may be able to make a run toward $0.65, a significant resistance that has proven difficult in the past. <img alt="XRPUSDT" data-entity-type="file" data-entity-uuid="4a836b06-010f-4b3d-a12b-ceb844b702a5" src="https://u.today/sites/default/files/inline-images/image_1111.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">XRP/USDT Chart by TradingView</a>
XRP may aim for even higher targets, possibly reaching $0.70 or $0.75 if the mood of the market as a whole improves, especially with positive flows into ETH and BTC ETFs. Strong market-wide gains and greater interest in altcoins would be necessary for this scenario to materialize.
The second scenario is a bearish rejection. If the golden cross does not spark a bullish breakout, XRP may find it difficult to hold its current levels.
Approximately $0.55 would be the first support to keep an eye on. If <a href="https://u.today/xrp-on-verge-whats-happening-solana-sol-on-major-support-shiba-inus-shib-anemic-performance" rel="noopener noreferrer nofollow">XRP</a> drops below this barrier, it might lead to additional losses and possibly to a test of $0.50. If the overall market stays in its current neutral state or moves negative, a decline below $0.50 would suggest a longer-term bearish trend.
In this case, it is possible that XRP gets trapped in a range, unable to break out and vulnerable to downside pressure. The general state of the market is a little uneven. With positive flows seen in ETH and BTC ETFs, Bitcoin is currently trading at around $60,000. Though neither heavy buying or selling pressure is predominating, the market is still in a neutral state. Due to the wait-and-see attitude of altcoins, the outcome of the golden cross is extremely important.

XRP Shows Massive Bullish Signal: Details

U_Today

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