Crypto
XRP Storms Past $1.7 Barrier, Eyes $2 Target
XRP's price surge against Bitcoin has led to a double golden cross on its chart. A golden cross occurs when the 50-day moving average rises above the 200-day moving average, indicating positive momentum.
This crossover happened on both the 3-hour and 2-hour charts, showing XRP's recent strength against BTC.
On Saturday, XRP's price jumped nearly 27% to a six-month high of $1.699 before retreating. The cryptocurrency has since eased its gains but remains up 45% for the week.
XRP is now looking to break above the $1.7 level reached early Saturday, with some analysts predicting a potential target of $2 if it can overcome this hurdle.