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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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XRP is seeing a complete divergence from its price and bullish on-chain indicators. XRP's $1.40 resistance continues to cap gains. Notably, a golden cross forms when a short-term moving average moves above a longer one. In this case, the 50 MA crossed above the 200 MA on the four-hour chart, signaling a potential bullish setup. Traders and market participants consider its occurrence as a positive price uptick signal. XRP’s golden cross on the four-hour chart has come with a twist, as the asset’s performance has not aligned with this indicator. As per CoinMarketCap data, in the last 24 hours, XRP has declined by 3.22% to exchange hands at $1.33. The coin, which previously traded at a daily peak of $1.39, suddenly dipped in price amid broader market volatility. Trading volume has also dropped significantly by 14.46% to $2.51 billion. XRP, which sparked investors’ interest as it pushed for a higher price, faced rejection at $1.40 and triggered high-volume selling. Constant rejection at this level has elevated volume as sellers exit their positions. It is worth highlighting that XRP’s price dip is not in isolation as the broader crypto market fell by 0.84%. The leading cryptocurrency, Bitcoin, also suffered a dip and had a cascading effect on other assets in the space. Market observers are now tracking XRP’s movement to see if it can hold at the $1.33 support level. If the coin successfully defends this price, XRP could retest the $1.35-$1.49 zone. If there is enough momentum and volume, it might finally breach the $1.40 resistance. However, if the coin breaches the $1.33 support, it could trigger a downward slide to $1.28. A lot depends on how market participants engage the coin.
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