bullish

Bitcoin

when

Daily

XRP is nearing a critical technical pattern named<a href="https://timestabloid.com/xrp-hits-golden-cross/"> “golden cross”</a> in its Bitcoin (BTC) pairing—a development widely regarded as a bullish signal in financial markets. 
This pattern emerges when a short-term moving average crosses above a long-term moving average, suggesting the possibility of sustained upward momentum. For XRP traders, this is a potential precursor to further<a href="https://timestabloid.com/fifth-wave-could-send-xrp-to-20/"> price appreciation</a> against Bitcoin. 
<h2 id="b-moving-averages-signal-imminent-golden-cross-b">Moving Averages Signal Imminent Golden Cross</h2> 
On the<a href="https://timestabloid.com/expert-predicts-5-xrp-rally-if-bitcoin-hits-this-price/"> XRP versus BTC</a> chart, the 50-day simple moving average (SMA), a measure of short-term price trends, is on an upward trajectory and is on the verge of crossing above the 200-day SMA, which reflects longer-term price movements. This convergence of the two averages indicates that a golden cross could occur in the coming days. 
Such a crossover is often interpreted as a strong sign of market strength and may trigger more gains for XRP, especially if the overall sentiment in the cryptocurrency market remains positive and supportive. 
<figure id="attachment_50528" aria-describedby="caption-attachment-50528" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-50528" src="https://timestabloid.com/wp-content/uploads/2024/11/XRPBTC-Chart.png" alt="XRP Nears Bitcoin Golden Cross. Here's the Significance" width="511" height="235" srcset="https://timestabloid.com/wp-content/uploads/2024/11/XRPBTC-Chart.png 511w, https://timestabloid.com/wp-content/uploads/2024/11/XRPBTC-Chart-300x138.png 300w, https://timestabloid.com/wp-content/uploads/2024/11/XRPBTC-Chart-150x69.png 150w" sizes="(max-width: 511px) 100vw, 511px">
 <figcaption id="caption-attachment-50528" class="wp-caption-text">
 XRP/BTC Daily Chart
 </figcaption>
</figure> 
The timing of this anticipated golden cross aligns with a broader rally among altcoins, including XRP. Market enthusiasm for alternative cryptocurrencies has been growing as traders seek opportunities beyond Bitcoin’s dominance. 
Blockchain analytics firm Santiment highlighted this trend, noting, “While Bitcoin’s historic rally has captured much of the market’s attention, altcoins like XRP are quickly expanding their market caps. 
If Bitcoin holds its $95,000 support level, the profits accumulated in November could flow into altcoins, sustaining their upward trajectory.” XRP’s growing market cap exemplifies this shift, signaling rising interest from investors seeking alternatives to Bitcoin. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw">@TimesTabloid1</a> 
 — TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw">July 15, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="b-xrp-s-increasing-momentum-against-bitcoin-b">XRP’s Increasing Momentum Against Bitcoin</h2> 
XRP is increasingly outperforming<a href="https://timestabloid.com/analyst-bitcoin-is-about-to-crash-really-hard/"> Bitcoin</a>, recording impressive gains on both weekly and monthly timeframes. Over the past week alone, XRP has surged by a remarkable 68.65%, significantly outpacing Bitcoin’s 10.86% increase in the same period. 
This bullish trend has been evident since November 12, with XRP reaching a high of $0.00001522 in today’s trading session—levels not witnessed since early December 2023. This sharp rise highlights XRP’s resilience and its ability to capture market interest during key moments of opportunity. 
Adding to this momentum, several altcoins, including XRP, have seen dramatic price increases in the last 24 hours. This surge followed SEC Chair Gary Gensler’s <a href="https://timestabloid.com/xrp-price-spikes-as-sec-chair-gensler-officially-announces-resignation-date/">announcement</a> regarding his intent to step down. 
XRP, which has been at the center of the lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) over its security status, rallied by as much as 30% on Friday in response to the news. 
Market participants have speculated that Gensler’s departure could mark a turning point in regulatory clarity, potentially benefiting Ripple and XRP’s future. 
At the time of writing, XRP is up 29.83% in the past 24 hours, trading at $1.46. Meanwhile, Bitcoin trades at $99,107, exhibiting 1.34% appreciation in 24 hours, after briefly touching an all-time high of $99,543. The combination of technical developments, market conditions, and regulatory news suggests that XRP is well-positioned to continue its strong performance in the weeks ahead. 
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. 
Follow us on <a href="https://twitter.com/TimesTabloid1">Twitter</a>, <a href="https://www.facebook.com/timestabloid/" class="broken_link">Facebook</a>, <a href="https://t.me/markettabloid">Telegram</a>, and <a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen">Google News</a> 
The post <a href="https://timestabloid.com/xrp-nears-bitcoin-golden-cross-heres-the-significance/">XRP Nears Bitcoin Golden Cross. Here’s the Significance</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.

XRP Nears Bitcoin Golden Cross. Here’s the Significance

Table of Contents

Times Tabloid

Other articles published on Nov 23, 2024

Crypto Expert Raoul Pal Reveals Winning XRP Strategy for Max Profits

Massive Altcoin Surge on the Horizon: Experts Identify the Next 100X Meme Coin!

Cardano Unveils Updated Constitution as ADA Price Rises 12%

FTX Liquidator Transfers RAY Worth Millions To Binance

Top 5 Altcoins That Could Help You Become a Millionaire in 2025

Most Trending Cryptos on Ethereum Chain Today – Non-Playable Coin, Wojak Coin, Mog Coin

Join our free newsletter for daily crypto updates!