Ripple XRP Completes Bitcoin Death Cross, 20% Rally Coming?
Ripple XRP recently had crypto analysts worried, as the cryptocurrency formed a deathcross on its Bitcoin pairing earlier this week. This occurs when a short-term moving average, usually the 50-day MA, falls below the longer-term MA. While this was a subject of concern, XRP bulls quickly reaffirmed that earlier this week, flipping the assets price to a streak of hourly gains. As a result, XRP is up 7% overall in the past seven days. XRP is holding around $2.50, which represents about 8% gains this week, and the weekly chart shows price just bounced off the 0.618 Fibonacci level—a zone that buyers typically defend with significant force and conviction. XRP showed positive momentum in its USD pairing this week, rising about 4% in a matter of hours on Thursday. The crypto market received a positive boost after September Inflation came in lower than expected. The inflation rate hit 3.0% in September, lower than expected, the long-awaited Consumer Price Index (CPI) report shows. With Bitcoi...