$XRP The Exciting Journey of XRP to All-Time High

The XRP price has had an impressive development: From a low of $0.55, it rose to $1.26 and is currently trading around $1.11. A crucial technical moment was the recent "Golden Cross," a chart pattern where the 50-day moving average crosses the 200-day moving average from below. This pattern is often interpreted as a signal to start long-term rallies, as seen in 2017 and 2020.

Currently, XRP shows bullish momentum: The Relative Strength Index (RSI) indicates room for further price increases, and new wallet openings have risen by 54%, suggesting growing confidence. Historical patterns indicate that after a Golden Cross, price gains of several hundred percent are possible. Analysts see XRP above $3 by the end of Q1 2024 if market conditions are favorable.

Strategy: For traders, long positions on dips could be interesting, especially if XRP holds the support at $1. Targets could be at $1.50, $2, and higher. But be cautious: short pullbacks are common in such phases.

November 19, 2024 Trading is speculative, therefore it applies:

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