The stars are aligning for Ripple’s XRP. With XRP breaking the $1 mark in mid-November, as well as the overall potentially favorable position in the SEC lawsuit and President Trump considering Ripple CEO Brad Garlinghouse for the Crypto Czar role, the future looks promising.
Ripple recently secured a partnership with Amazon, which might be significant for the XRP ecosystem. This collaboration brings $XRP and $CTF into the spotlight, offering incentives for payment transactions and Amazon’s approach to digital currencies
🚨BREAKING: Amazon Partners with Ripple!
— CryptoGeek (@CryptoGeekNews) November 25, 2024
Amazon has officially unveiled a white paper announcing its partnership with Ripple, introducing $XRP and $CTF rewards for payment transactions.
This game-changing move highlights Amazon’s adoption of $XRP and $CTF rewards, signaling a… pic.twitter.com/63awfP8lNa
According to CryptoGeek, this strategic move is more than just a milestone for Amazon—it serves as a powerful signal of the growing momentum behind global cryptocurrency adoption, paving the way for broader acceptance in mainstream commerce.
This wave of innovation could potentially channel hundreds of millions into XRPL tokens, particularly benefiting the decentralized finance (DeFi) sector.
Golden Crosses Pattern Signals Big Move for XRP Price
Brett, a crypto analyst, also examines the performance of XRP against the USD on a 4-hour chart, the XRP price chart analysis identifies several key observations.
The chart reveals instances of Golden Crosses, where a short-term moving average crosses above a long-term moving average. This phenomenon is often interpreted as a bullish signal, indicating a potential upward momentum.
The analyst pointed out two areas labeled “Golden cross” and “Golden cross incoming,” which suggest both past and anticipated bullish trends.
The chart shows that there is always a significant upward movement following golden crosses. Now that another golden cross is forming, we could see major rallies for the XRP price.
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The RSI, positioned in the upper part of the chart, is between 50 and 70. This positioning suggests that XRP is neither overbought nor oversold, indicating potential for further upward movement.
The combination of Amazon’s partnership and other notable ones and the technical indicators on the XRP chart signals a promising outlook for XRP’s price trajectory.
