XRP price trended higher in past week
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This crossover is generally interpreted as a bullish signal, suggesting that momentum is shifting in favor of buyers and that a price increase could be on the horizon.The XRP price trended higher in the past week as the markets broadly rallied following a jumbo Fed rate cut.XRP began to rise after rebounding sharply from lows of $0.50 on Sept. 6. Although the rise was punctuated by minor dips, XRP remained in an upward trend, reaching a high of $0.612 on Sept. 21 before declining.
At the time of writing, XRP was down 1.18% in the last 24 hours to $0.587. As it stands, the $0.61-$0.66 range has acted as aTraders are also eyeing the $0.748 mark as a critical barrier. If XRP can gather enough momentum to break past this key resistance, a significant price surge may follow, potentially taking the seventh-largest digital asset to new yearly highs.
While the golden cross is a bullish signal, it is essential to consider other factors such as overall market sentiment and broader economic trends that might significantly impact XRP's price.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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