XRP bullish run validated by formation of golden cross
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Santiment highlighted that this rebound is supported by increasing accumulation from whales and sharks, with 100,000 XRP coins. Santiment observed a noticeable turning point in supply accumulation since last August. XRP wallets holding over 100,000 tokens now hold 51.59 billion XRP, representing a new all-time high. The aforementioned category of XRP holders currently holds 85% of the total supply, an 11-month high.Technically, XRP's bullish run has been further validated by the formation of a golden cross on the four-hour chart, a technical indicator that often signals the potential for continued upward momentum.
XRP has completed a golden cross on its four-hour price chart, which occurs when a shorter-term moving average, such as the daily SMA 50, crosses above a longer-term moving average, such as the daily SMA 200.The emergence of the golden cross on the four-hour chart remains significant for XRP. Traders often view this pattern as an indication that the asset's price could continue to rise.
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