The price of Ripple may soon form a golden cross as hopes for an ETF approval rise. This news comes amidst growing anticipation in the crypto market. Investors are eagerly watching for any signs of a potential uptrend in the price of Ripple.
A golden cross occurs when a short-term moving average crosses above a long-term moving average, indicating a potential bullish trend. In this case, the price of Ripple is showing signs of a possible golden cross formation.
The recent optimism surrounding Ripple’s price comes as the possibility of an ETF approval for the cryptocurrency gains traction. An ETF approval could potentially open up new avenues for investors to access Ripple, leading to increased demand and potentially driving up the price.
Overall, the current market sentiment suggests that Ripple’s price could be on the verge of a significant uptrend. Investors will be closely monitoring any developments related to ETF approvals and keeping a close eye on the formation of a golden cross.