bullish

when

Rise

<p>The XRP, flagship cryptocurrency of Ripple, seems ready to take off. Fueled by favorable technical signals, notably a golden cross against Bitcoin, enthusiasts dream of a bright future. This bullish pattern, often heralding an upward trend, fuels investors’ enthusiasm. While Bitcoin continues to dominate, XRP marks its difference, surfing on sustained momentum and unexpected catalysts like the resignation of the SEC chairman. Let’s decode this pivotal moment together.</p>
<h2 id="h-a-promising-golden-cross-for-ripple-s-crypto">A Promising Golden Cross for Ripple’s Crypto</h2>
<p><a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">Ripple news</a>: XRP recently crossed <strong>a key milestone</strong> with the <strong><a href="https://u.today/xrp-secures-golden-cross-against-bitcoin-whats-next" target="_blank" rel="noopener noreferrer nofollow">formation of a golden cross against bitcoin</a></strong>, a rare and significant event. This technical pattern occurs when the <strong>50-day moving average crosses above the 200-day moving average</strong>. Result? A likely bullish trend that attracts investors.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Utoday_en/status/1860645509259522368
 </div>
</figure>
<p><strong>Key Figures</strong>:</p>
<ul>
 <li>XRP surged by 68.65% over the last week;</li>
 <li>Against BTC, it reached $0.00001653, an unprecedented peak since November 2023;</li>
 <li>Currently, XRP shows a price of $1.46 after a spike to $1.63.</li>
</ul>
<p>This enthusiasm is not limited to the charts. The recent announcement of <a href="https://www.cointribune.com/en/gary-gensler-exit-rumors-propel-xrp-higher/" target="_blank" rel="noopener noreferrer nofollow">Gary Gensler’s departure</a>, SEC chairman, galvanized the market, offering <strong>a glimmer of hope for a more favorable regulation</strong> of cryptos.</p>
<p>As an analyst points out: “<em>This golden cross could be a powerful signal for the altcoin market.</em>”</p>
<p>However, crucial resistances must be overcome to maintain this momentum.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" src="https://u.today/sites/default/files/inline-images/24112024%200000.png" alt="prix-XRP-24 nov">
  <figcaption class="wp-element-caption">
   XRP price evolution as of November 24 – Source: TradingView
  </figcaption>
 </figure>
</div>
<h2 id="h-bitcoin-a-benchmark-supporting-altcoins">Bitcoin: A Benchmark Supporting Altcoins</h2>
<p>Although Bitcoin (BTC) remains the flagship of the market, its role as an <strong>incubator for altcoins</strong>, including XRP, should not be overlooked. As BTC hovers around $99,543, its rise contributes to stimulating the entire crypto market.</p>
<p>However, a <strong>shift of capital from BTC to other cryptos</strong>, particularly XRP, is being felt. Investors are seeking <strong>higher returns</strong>, and altcoins like XRP seem to be the natural beneficiaries.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:XRPUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:XRPUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/XRPUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">XRPUSD chart</span></a> by TradingView
 </div>
</div> 
<p>In this context:</p>
<ul>
 <li><strong>BTC dominance is slightly decreasing, falling below 50%.</strong></li>
 <li><strong>XRP stands out with positive momentum supported by solid fundamentals;</strong></li>
 <li><strong>If Bitcoin maintains its support at $95,000, other altcoins could follow this upward wave.</strong></li>
</ul>
<p>In short, despite its leadership, BTC today acts as an indirect catalyst for its rivals like XRP.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<h2 id="h-xrp-a-strategic-rise">XRP: A Strategic Rise</h2>
<p>Besides the golden cross, XRP benefits from <strong>several strategic advantages</strong>. The potential resolution of its <a href="https://www.cointribune.com/en/ripple-vs-sec-the-xrp-battle-continues/" target="_blank" rel="noopener noreferrer nofollow">legal dispute with the SEC</a> opens up unprecedented prospects, enhancing investor confidence. Moreover, <strong>its positioning in the international payments sector</strong> and the tokenization of real assets add layers of opportunities.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://accounts.binance.com/en/register?ref=35547494" target="_blank" rel="noopener noreferrer nofollow">Your 1st cryptos with Binance</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>This renewed interest is also fueled by external factors such as the rise of DeFi and the growing integration of XRP into global financial networks. However, caution is warranted. As always in crypto, “<em>nothing is guaranteed, except the unpredictable</em>“. The coming days will be crucial to confirm whether this bullish trend transforms into a <a href="https://www.cointribune.com/en/why-the-price-of-xrp-could-soon-reach-10/" target="_blank" rel="noopener noreferrer nofollow">historic rally towards 10 dollars</a><strong>.</strong></p>

XRP Ready To Surpass Its Limits After An Unprecedented Golden Cross

Table of Contents

Cointribune EN

Other articles published on Nov 25, 2024

See How a $15K Bet on Ethereum Became $72 Million: Is BlockDAG Next With its Sensational $150M Ri...

Uniswap Leads with 1,277 ETH Burned: Top DeFi Projects With Highest Burned ETH in the Last 7 Days

Who Is Selling Bitcoin as Prices Approach $100K? Market Insights Unveiled

Quantoz Unveils MiCA-Compliant Stablecoins USDQ and EURQ Backed by Tether and Kraken

Solana’s monthly DEX volume surpassed $100b for first time ever

Shocking Event in Altcoin Delisted by Coinbase! There Was a Huge Collapse in Its Price on Binance!

Join our free newsletter for daily crypto updates!