XRP nears golden cross as market shifts focus to altcoins

Share

XRP is approaching a golden cross between its 50-day simple moving average at roughly $1.197 and its 150-day SMA at approximately $1.238, with the token trading near $1.33 to $1.35, recovering from August lows around $1.00 but slightly below the September peak of $1.39. This technical setup mirrors a previous configuration that preceded a 63% rally, with analysts targeting $1.50 to $1.70 as near-term resistance. However, a death cross persists on the 50/200-day exponential moving average chart, with the 50-day EMA at $1.2860 still below the 200-day EMA at $1.3539, warranting caution. Bitcoin confirmed its own golden cross around September 8, 2026, which historically enables capital rotation into altcoins, while Ripple’s RLUSD stablecoin continues expanding in cross-border payments, particularly across Southeast Asia and Latin America.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles