Notably, XRP's price has formed a golden cross on its four-hour charts, suggesting potential short-term price gains if this signal is confirmed. However, this moving average-based indicator is often criticized for being a lagging signal that could mislead traders. Currently, the XRP rally has pushed it above the daily moving averages of 50 and 200, at $0.545 and $0.537, respectively. XRP reached highs of $0.618, but bulls were unable to sustain the momentum, causing the price to drop to lows of $0.57 in today's trading session.
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According to PANews, Galaxy CEO Mike Novogratz recently expressed his views on the X platform regarding Peter Schiff, a well-known advocate of gold and a critic of cryptocurrencies. Novogratz highlighted that while Schiff's macroeconomic perspectives align closely with his own, Schiff's decision not to invest in Bitcoin is surprising.
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According to Foresight News, the American Securities Association (ASA) has issued a call for the immediate resignation of Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC). Chris Iacovella, the President and CEO of ASA, emphasized that voters have expressed a desire for a new direction in the country, and Gensler should respect this decision by stepping down from his position. Iacovella stated that this move is essential for restoring trust and confidence in the SEC among American working families, retirees, and small businesses.
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