The XRP price has last traded above 3 dollars in January 2025. Since then, despite its pneumonia in the encrypted currency market, the currency has not penetrated the price level. This may change soon after the appointment of XRP to achieve the golden cross, as shown in its price scheme.
Golden Cross Sparks XRP speculation
The analysis shows that the short -term moving average of XRP is about to bypass the long -term moving average. For clarity, the “golden cross” appears when a short -term average is over the long -term average in the long run, indicating that the upward trend is gaining momentum.
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Investors in the ecosystems are a positive sign, as it indicates the outbreak of prices on the horizon of the original.
Thus, despite the landmark at the encryption market, XRP may soon rise to new horizons where the price tries to another upward step.
As of the time of the press, the price of XRP was commerce At $ 2.07, a decrease of 0.73 % in the past 24 hours. It seems that investors in Altcoin are careful as trading volume decreased by 21.84 % to $ 2.38 billion.
However, if the suspended golden cross is achieved, the ecological system is likely to witness an increase in trading activity.
It is worth noting that the increase in prices may see XRP turns the resistance level of $ 2.60, as it looks forward to the rise towards the sign of $ 3 again.
Hashkey Capital enhances institutional confidence
Meanwhile, the recent developments in the market space can support XRP recovery potential. For example, Altcoin is scheduled to get an institutional dependence on the Asian market. As U.today mentioned, Hashkey Capital launched a XRP tracker in the continent.
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XRP is the first altcoin after Ethereum that Hashkey Capital launches such products, as well as Bitcoin. The choice of XRP depends on its usefulness of the cross -border payments, which has proven efficiency of traditional payment systems.
Meanwhile, since the US market is awaiting organizational approval of the requests of the box on the stock exchange, Nate Girassy, head of the ETF store, believes that approval is a matter of time. Girassi says there is no reason for the Securities Committee and the Stock Exchange.
