XRP’s Golden Cross Falters: Why Price Fell Despite Momentum Signal

Despite a technical signal often interpreted as bullish, XRP saw its price drop below $2.80 after failing to maintain momentum following the ‘golden cross.’ This decline coincides with a lackluster start to September in crypto markets and adds pressure on XRP. While Ripple’s recent transfer of 250 million XRP has garnered attention, it appears to have little impact on price. The token struggled to break through resistance at $3.05 as it failed to capitalize on the signal, instead settling near its support level of $2.48.