XRP Soars Amid SEC Optimism and Market Breakthroughs
TL;DR Summary
XRP has formed a golden cross against Bitcoin, a bullish technical pattern where the 50-day moving average crosses above the 200-day moving average, indicating potential upward momentum. This development comes amid a broader altcoin rally, with XRP reaching highs not seen since May 2021. However, XRP must overcome key resistance levels to sustain its upward trend against Bitcoin, and broader market trends could impact its performance. Despite the optimism, the golden cross does not guarantee future gains, as XRP/BTC recently declined by 2.59%.
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