XRP meets golden cross for second time this year, but it is unlikely to help it tremendously
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So, is the Golden Cross still relevant for XRP? If past performance is any gauge, the Golden Cross, while a generally bullish sign, does not guarantee an extended uptrend for XRP. The broader market conditions, fundamentals and investor sentiment also play crucial roles in determining the cryptocurrency's trajectory.
It is worth noting that XRP has always been viewed as one of the more volatile cryptocurrencies. Its price actions often defy market expectations. Despite this volatility, it has not mirrored the impressive performance of assets like Ethereum or Bitcoin lately. This divergence has left many investors scratching their heads, especially considering the general bullish sentiment in the broader crypto market.
That said, while the Golden Cross can provide an optimistic outlook for XRP, relying solely on this technical indicator might not provide a full picture.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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