Despite depressing price performance, XRP still shows bullish tendencies on weekly chart
, while often considered a bullish indicator, has shown its limitations. It is not always the most reliable predictor of price swings, especially in the volatile crypto market.The insignificance of the Golden Cross as a standalone indicator becomes evident when we consider its performance on different time frames. While the weekly chart shows a Golden Cross, the daily chart had invalidated this indicator a long time ago.
While the Golden Cross on XRP's weekly chart may seem promising, it is crucial to approach this indicator with caution. It has proven to be an unreliable predictor of price movements when considered in isolation.
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