XRP closes the bullish week with a 200-day MA; at the gates of the cross of gold

At the end of the most successful week for XRP, the second largest altcoin on the market is down, which could be likened to the first idea of ​​Bitcoin. [BTC] bull run. After the approval of Coinbase to its New York customer to engage in XRP trading, the altcoin broke its 200-day moving average.

Bitcoin, before the 2 April climb, which was trading at just over $ 4,000 and following multiple reasons, surpassed the US $ 4,623 200-day moving average (at that time), thus creating the impulse of a prolonged pump. The XRP, which followed the 41% rise in huge prices from May 14th to May 15th, mirrored that of the Royal Mint.

The 200-day XRP MA, which stood at US $ 0.352 at the time of the press, was broken at around 0300 UTC on May 14, when cryptocurrency had a huge daily gain of 25.59 percent . Continuing its progression on the Coinbase bulls, the cryptocurrency added a further 12.27% increase in its daily prices the next day, ending its series of tides which lasted for much of 2019.

It is interesting to note that the increase in XRP prices could not have been more timely. In early May, when Bitcoin broke resistance on resistance and anchored an aloft without XRP, Ripple's cryptocurrency was in crisis. In fact, the other digital asset that aims to attract an XRP-esque market, Stellar Lumens [XLM] was also in crisis before the rise last week.

Since the beginning of the year, both crypto-currencies are called "bank coins". decreases more than 12% each, like other pieces such as Litecoin [LTC], Bancing Room [BNB] and even Bitcoin [BTC] saw triple-digit gains. To meet their crypto-contemporaries, XRP and XLM were, by far, the biggest winners of the aforementioned period, clearly erasing their downward trends.

Another key indicator of the Bitcoin price hike that has been going on for nearly two months is the realization of the "Gold Cross". On April 23, the king's room saw its 50-day MA cross its 200-day MA, while its price exceeded $ 5,350, confirming the arrival of the BTC Bours, which have since pushed the price of Bitcoin 8 $ 000.

XRP is about to make its own gold cross. Following its ascent on May 14 and the current green stick, with however an important anchoring role played by the Bitcoin ancestry, the 50-day AMM for the altcoin was broken. If the current trajectory continues, like BTC, XRP could see the 50-day rise above 200 days and start a major bullish turnaround if Bitcoin prices were to pass.