XRP Eyes Golden Cross against Bitcoin, with an extension of FIB targeting $ 5

XRP is looking to secure a unique golden cross against Bitcoin, with fibonacci extension levels that target a new rise ever.

It is worth noting that the last market status was not particularly favorable to Altcoins such as XRP, which He is currently 22 % decreased during the past seven days. while Bitcoin (BTC) She defended the latest shrinkage, and has stood better than Altcoin market because of its growing maturity.

Despite this, XRP was one of The largest of the winners From the upward trend at the market level, which led to the victory of President Donald Trump in the November elections. This XRP allowed Bitcoin to be out of four weeks in a row, and it gained 155 % against BTC from November 11 to December 8, 2024.

XRP Golden Cross Eyes against Bitcoin

It is worth noting that this rapid climb from XRP led to a sharp increase in the moving average for 23 weeks on the XRPBTC chart, where the momentum was picked up. This is what estimated From 0.00000871 on November 11 to the current number of 0.00001700.

However, the most interesting development is how this increase has been put from MA for 23 weeks equally with MA 200 weeks, currently at 0.00001707 BTC. As a result, MA for 23 weeks is now about to run a huge golden cross on the weekly XRPBTC chart.

For beginners, a Golden Cross It occurs when the average moving is the shortest time over the long -term moving average. In this case, as soon as the MA 23 week (0.00001700) moves above the MA 200 weeks (0.001707), the golden cross may be achieved. This event usually leads to more bullish direction.

However, with the latter XRP withdrawal now faces Against Bitcoin, a decrease of 15.69 % in the last two weekly candlesticks, the increase from MA stopped for 23 weeks. If XRP resumes its upward direction against BTC for a few other weeks, 23 weeks. It is possible that Beyond 200 week’s payment within one month.

It states that if this intersection occurs, this would represent this golden cross of this size on the graph for one week. It is worth noting that such an event can have huge effects on prices.

The Fibonacci supplement targets $ 5 XRP

At the current price of 0.00002490 BTC, XRP sits over its direct support in Fibonacci at 0.00002395, which was a temporary store against more severe decreases. Moreover, DMI emphasizes that +Di (blue) Inclined To the bottom while it is heading (orange) to the top, indicating that bitcoin is gaining ground against XRP.

However, despite this direction, +Di +is still in 34.4 higher than -Di at 20.1, indicating that XRP is still in the direction of climbing against bitcoin. If the bulls regain control of the scene, then the return of XRP can turn the tide again in prices.

With healing, Xrp It can first target 0.00002864 BTC, as it is in line with the Fibonacci alternative by 78.6 %. The original first lost this level on the back of the last recession. If Golden Cross provides enough momentum in the upward direction, XRP may target the previous peak at 0.00003462 BTC, before looking at the top 0.00004222.

Blinds can take advantage of the 0.0042222222222222 to target the top of the top Fibonacci 1.618 extension, which corresponds to the 0.00005189 BTC mark. At the price of Bitcoin is 97,721 dollars, the XRP price in dollars will rise to $ 5.07, which is the highest new level ever, if it reaches a level of 0.00005189 BTC. Such a gathering is very likely.