xrp 4h TF
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The compression is seen in the chart
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XRP has formed a "golden cross" on its price chart, which is widely considered the strongest bullish signal for any kind of asset. It appears when a shorter-term moving average crosses above a longer-term moving average, usually 50 and 100, hinting at a price increase. But before XRP holders get their hopes up, it is important to note that the golden cross is not a magic signal guaranteeing immediate growth.
To understand the possibility of a prolonged reversal, let's take a look at the chart. We see that XRP has established some support at around $0.58, a level where it has bounced back after recent sell-offs. If this support does not get broken during the first test, it can become a foundation for further gains. Keep in mind, the first substantial resistance lies around the $0.65 mark, which XRP would need to break through to confirm a bullish trend. Unfortunately, the possibility of it is slim.
