XRP’s Dazzling Golden Cross: Is It Champagne Time or Just Another Fizz?

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Ah, XRP has gone and done it-a new golden cross has appeared! Now, before you don your finest eveningwear and start popping champagne, note it’s rather a short-term flirtation on the charts, waving cheekily from the four-hour timeframe. This little number signals that some eager beavers are snapping up XRP like it’s the last crumpet at teatime.

For the uninitiated, a golden cross is when the sprightly short-term moving average (say, the 50-day MA) gallantly leaps over its long-term, more staid companion, promising bullish delights-or at least that’s the hope. Here, it’s sashaying across XRP’s four-hour charts, an indication of recent buying enthusiasm.

The crypto market itself has been positively salivating this week-investors were daydreaming about those tantalizing whispers of a Fed rate cut on the 16th and 17th. One can almost hear the faint clinking of glasses already.

XRP limbered up nicely too, buoyed by demands for its products and an optimistic trot down ETF lane. Speaking of which, 3iQ, the proud issuer of Canada’s XRP ETF (XRPQ), just rang the dinner bell with a smashing milestone: CAD 150 million in Assets Under Management, making it the belle of the Canadian ETF ball.

And just to spice things up, the prospective debut of Rex Osprey’s crypto ETF fund-which daintily includes an XRP product-has investors purring with ETF hope.

So, What Are We Keeping an Eye On?

This golden cross waltzes onto the stage a scant few weeks after a rather less charming “death cross” in mid-August, after which XRP took a somber tumble to $2.69 on the first day of September. Quite the drama, darling.

After confirming a double bottom near that rather undignified low, XRP spruced itself up and charged to a high of $3.187 last Saturday-before sulking down a bit.

At the time of penning this, XRP was nursing a modest 1.57% dip over 24 hours, settling at around $3.08 as the traders decided to pocket some profits, but never fear; it’s still smiling with an 8.93% weekly gain. Not too shabby for a rollercoaster weekend, eh?

Will this latest dip be just a polite profit-taking curtsy, or something more sinister? If XRP keeps its verve, the next flirtatious price points are $3.38 and $3.66, with everyone whispering about the elusive $4 mark like it’s the diamond tiara at the end of the ball.

On the other hand, we might see a little snooze or sideways shuffle before the next twist. If so, the bullish crowd will be praying the daily SMA 50-a kind of financial sofa-flips from foe to friend at $3, providing a nice soft landing for any price tumbles.

So, dear reader, stay tuned and remember: in the world of crypto, darling, nothing is ever quite as simple as it seems. 😉

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2025-09-14 13:43