XRP is set to print a closely watched signal on the Bitcoin chart as the moving averages are expected to converge within a matter of days. The 50-day moving average (MA) and the 200-day MA on the XRP/BTC pair are drawing closer and may soon intersect.
If the 50-day MA crosses above the 200-day MA, a golden cross could occur—an indicator often associated with bullish momentum. Conversely, if the 50-day MA moves below the 200-day MA, a death cross might form, which is generally considered bearish. Currently, the 50-day MA appears to be turning downward on the XRP/Bitcoin chart, increasing the likelihood of a death cross, which could signal further downside.
Since the flash crash on October 10, XRP has remained in consolidation against Bitcoin, currently trading around 0.00002275 BTC. Whether a death cross or golden cross materializes, this signal may provide important hints regarding XRP’s short-term direction. A death cross might precede a market bottom for XRP/BTC, while a golden cross could trigger renewed bullish momentum.
### XRP News and Developments
According to crypto reporter Eleanor Terrett, Canary Funds has filed an updated S-1 registration for its RP spot ETF. Notably, the filing removes the “delaying amendment” that prevented the registration from becoming automatically effective, thereby giving the SEC control over timing. This change paves the way for Canary’s XRP ETF launch date, tentatively set for November 13, assuming Nasdaq approves the 8-A filing.
In other developments, Webull—an online investment platform—has announced an expansion of its crypto futures offerings through an ongoing partnership with Coinbase Derivatives. With this move, U.S.-based Webull users will soon be able to trade futures contracts for Nano, XRP, and other cryptocurrencies.
Additionally, XRP enthusiast Bill Morgan revealed that a recent SEC filing has identified a new XRP corporate holder: Virtu Financial. Alongside Bitcoin and Ethereum, Virtu Financial reportedly holds a substantial amount of XRP on its balance sheet, marking increased institutional interest in the token.
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These upcoming technical signals and institutional developments make XRP an asset to watch closely on both the price and adoption fronts. Stay tuned for further updates as the market evolves.
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