XRP-BTC Pair Sees First Golden Cross, Indicating Potential Bull Run
Technical Analysis Summary
The XRP/BTC ratio has generated its first golden cross on the weekly chart, signaling a bullish trend shift. Key points include:
- A golden cross occurs when the 50-day SMA crosses above the 200-day SMA.
- This crossover increases the likelihood of breaking out from a four-year sideways channel.
- The SEC's recent decision not to appeal a favorable ruling for Ripple suggests reduced regulatory uncertainty for XRP.
- A potential breakout could lead to significant price rallies and new record highs.
