XRP Breaks Out: Golden Cross Signals Potential Turning Point in Crypto Market

XRP is experiencing a resurgence in both technical charts and institutional markets, indicating a potential turning point for the altcoin space. The asset achieved its first-ever golden cross against Bitcoin on the weekly timeframe, signifying a bullish signal that could push XRP beyond Bitcoin for the first sustained period since 2020’s legal troubles with the SEC. This follows the recent decision of a US federal court in Ripple’s favor, which ruled that XRP is not a security. This combination of positive events has fueled increased demand from institutional investors and retail traders alike.