In XRP news, the token’s trading patterns have been quite evidently volatile in the past few weeks. Crypto forums have been following the progress of the digital currency closely. Finally, the XRP currency has broken past its previous limits and overcome its resistance levels. This could mean that XRP’s price could rocket up even further in the coming weeks. One of the main indicators of this is XRP overcoming its 200 and 50-day EMAs.
EMAs are very important when trying to predict future price movements, and surpassing such points could mean a bullish future.
There are other technical indicators worth looking out for. For one, the golden cross trend on XRP’s chart could point to a notable price boost coming up soon. Although a golden cross signal is not totally reliable, it still indicates that a bullish trend is likely.
The main reason for this is Bitcoin’s positive performance recently. Bitcoin has surpassed $35,000 in value, indicating that the coin has gained considerable value. Bitcoin’s rise usually helps bolster the crypto market in general, and we already see that historical pattern playing out in real-time.
More importantly, XRP itself has seen some positive coverage in the papers recently, in XRP SEC news. The SEC has decided to drop its charges against Ripple leadership for now. For the time being, the XRP vs SEC battle is in Ripple’s favour. This has understandably boosted investor confidence in the digital asset. This then led traders to buy XRP, boosting the value of the coin.
As a result of the combination of these factors, XRP has had its best day in 3 months.
So, everyone has been quite impressed with XRP’s performance. Now the question is, what happens next in XRP news? For now, we can say that the inflationary pressure fiat currencies are under may give momentum to digital assets for the time being. This will be especially true if regulatory pressure eases up.
