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<a href="https://en.coin-turk.com/how-does-trueusd-tusd-work/" data-wpel-link="internal">Altcoin</a> XRP, issued by US-based Blockchain company <a href="https://en.coin-turk.com/cryptocurrency-analysis-eth-and-xrp-approaching-key-resistance-levels/" data-wpel-link="internal">Ripple</a>, could potentially refresh its record by surpassing its all-time high if it achieves the price movement expected after the formation of the well-known technical chart formation, the Golden Cross, according to an analysis put forward by crypto analyst and trader CoinsKid.&nbsp; 
<h2 style="text-align: justify" id="xrp-price-soared-720-percent-last-seen">XRP Price Soared 720 Percent Last Seen</h2> 
The Last Time It Was Seen, XRP Price Had Increased by 720% The golden cross, which forms when the 10-month Exponential Moving Average (EMA) crosses above the 20-month EMA on XRP’s monthly time frame as indicated by CoinsKid, was last seen in 2020. This occurrence led to a rise in the leading altcoin’s price over 720%. Currently, XRP is trading at $0.48, and a similar rally could allow the altcoin to refresh its record by surpassing its previous peak of $3.84, recorded on January 4, 2018.&nbsp; 
<img decoding="async" class="aligncenter wp-image-88222 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/07/xrp-3.png" alt="" width="1384" height="1376" srcset="https://en.coin-turk.com/wp-content/uploads/2023/07/xrp-3.png 1384w, https://en.coin-turk.com/wp-content/uploads/2023/07/xrp-3-171x170.png 171w, https://en.coin-turk.com/wp-content/uploads/2023/07/xrp-3-768x764.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/07/xrp-3-1200x1193.png 1200w, https://en.coin-turk.com/wp-content/uploads/2023/07/xrp-3-300x299.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/07/xrp-3-112x112.png 112w" sizes="(max-width: 1384px) 100vw, 1384px"> 
The golden cross in technical analysis occurs when a shorter-term moving average crosses above a longer-term moving average and is a significant bullish signal indicating a potential significant price increase. In this particular scenario, a golden cross would form when XRP’s 10-month EMA, a measure of its average price over the last 10 months, crosses above its 20-month EMA.&nbsp; 
This type of technical indicator can signal a potential large increase in an asset’s price. As a result, investors tend to take long positions on the asset rather than short, reducing selling pressure on the price.&nbsp; 
<h2 style="text-align: justify" id="the-sec-s-lawsuit-against-ripple-is-awaited">The SEC’s Lawsuit Against Ripple is Awaited</h2> 
Awaiting The Result Of The <a href="https://en.coin-turk.com/cryptocurrency-surge-benefits-investors-ignites-interest-in-decentralized-exchanges/" data-wpel-link="internal">SEC</a>‘s Lawsuit Against Ripple The potential formation of the golden cross is not the only bullish signal for XRP at the moment. Ripple has been engaged in a serious legal battle with the U.S. Securities and Exchange Commission (SEC) since December 2020. If Ripple wins the case, it could trigger a major rise for XRP, as it would mean the removal of a significant barrier limiting its adoption and price performance.&nbsp; 
Market observers and lawyers are focusing on the court potentially delivering a summary judgment very soon, even within this month.&nbsp; 
The post <a rel="nofollow" href="https://en.coin-turk.com/xrp-could-break-all-time-high-with-imminent-golden-cross-says-analyst/" data-wpel-link="internal">XRP Could Break All-Time High With Imminent Golden Cross, Says Analyst</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

XRP Could Break All-Time High With Imminent Golden Cross, Says Analyst

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