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XRP closes above key moving averages for first time since crossover
XRP traded entirely beneath a bearish crossover signal during August before breaking above both moving averages in the latest close.
Decrypt reports that XRP had spent all of August trapped under a bearish crossover.
The outlet says that in the most recent session, XRP closed above both moving averages for the first time since the bearish pattern formed.
As a result, the previously bearish technical signal has been erased, with the Ripple-linked coin rising alongside the move.
Latest closeXRP $1.392 ▲9.7%
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