United

Bitcoin

Epic

Billion

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">The broader digital currency community has experienced price fluctuations within the past 24 hours. Bitcoin, after almost hitting $70,000, has crashed by a significant 4.39% to $66,668.76. Other altcoins have not been spared, except XRP, which surged 3.23% to trade at $0.6288, according to <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">data</a>, by the time of writing.</p>
<h2 id="anticipation-of-golden-cross-boosts-optimism">Anticipation of "golden cross" boosts optimism</h2>
<p dir="ltr">This surge was backed by over 2.7 billion in XRP volume in what market observers consider an epic price reset in the last 24-hour period. Notably, the achievement for the digital asset coincides with community anticipation and optimism for an <a href="https://u.today/is-xrp-on-verge-of-another-golden-cross" rel="noopener noreferrer nofollow">XRP “golden cross”</a> as major moves on the market hint at a potential crossover.</p>
<p dir="ltr">Although a “death cross” could also occur, stakeholders remain hopeful for a golden cross as they keep a close eye on the 50 Simple Moving Average (SMA) and the SMA 200 on XRP’s hourly charts.</p>
<p dir="ltr">While it is premature to state with certainty, analysts believe a stable price performance could see XRP climb toward the $0.7 mark. One major bullish factor includes speculation about a possible legal dispute settlement with the United States Securities and Exchange Commission (SEC) that filtered in last week.&nbsp;</p>
<p dir="ltr">Although the prospect of a <a href="https://u.today/ripple-v-sec-xrp-lawyer-debunks-viral-rumors" rel="noopener noreferrer nofollow">Ripple v. SEC settlement</a> has been debunked by XRP lawyers, it initially helped fuel a rally while it lasted.</p>
<h2 id="expert-analysis-and-future-predictions">Expert analysis and future predictions</h2>
<p dir="ltr">Experts maintain that while the volatility of XRP makes it difficult to predict its price movement, investors have been encouraged to look to the asset’s “bull flag.” The bull flag sometimes signals the next price direction for XRP, as a price break from it indicates a possible price surge.</p>
<p>Meanwhile, as recently reported by U.Today, Tony Severino, founder of CoinChartist, believes<a href="https://u.today/last-time-this-happened-xrp-price-saw-60000-rally" rel="noopener noreferrer nofollow">&nbsp;XRP’s Bollinger Bands</a> have come in at their tightest, and the last time that happened, the asset recorded a 60,000% rally - back in 2018.</p>

2.7 Billion XRP in 24 Hours Fueling Epic Price Reset

목차

U_Today

2024년 7월 30일에 게재된 다른 기사

South Korea's New Crypto Law Takes Effect: What We Know

Cryptocurrencies Face Price Variations in July

Tron surpasses Ethereum, Solana in revenue generated over past 24 hours

US Government Moves $2 Billion in Bitcoin Amid Controversy

2 Cold Storage REITs to Buy as Industry Heats Up

First Week Sees $4B in Ethereum ETFs: What Lies Ahead for ETH Price?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!