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XRP Golden Cross Confirmed: Here Are Reasons to Be Bullish On XRP
In a recent development, the Ripple’s native cryptocurrency, XRP, has confirmed the Golden Cross formation on its 1-year chart. This rare and powerful trend indicator has historically been associated with significant price increases in the past.
To put this into perspective, a Golden Cross occurs when the shorter-term Simple Moving Average (50-day) crosses above the longer-term Simple Moving Average (200-day). This phenomenon is often seen as a bearish-to-bullish signal.
Source: timestabloid.com
