XRP Approaching Third Bullish Golden Cross: What to Expect
Crypto enthusiasts are buzzing with anticipation as XRP seems to approach its third bullish golden cross in history. A golden cross is often used when shorter moving averages surpass or cross long-term moving averages, indicating movement from bearish to bullish. Popular analyst Egrag Crypto on Twitter recently mentioned that the XRP community should prepare for the incoming bullish cross. Egrag’s analysis indicates that every time the 21 weekly EM and 100 weekly EMA create a bullish cross, XRP explodes vastly.
Key Points:
- XRP is approaching its third bullish golden cross in history.
- A golden cross signifies a shift from bearish to bullish.
- Egrag Crypto predicts significant price surges following the bullish cross.
- XRP has experienced two previous golden crosses, resulting in substantial value hikes.
- The upcoming golden cross could potentially lead to a surge of over $128 for XRP.
Egrag posted an image displaying XRP’s historical data indicating that this coin has only ever seen such golden crosses twice in history, with the upcoming one being its third. The first bullish cross occurred in March 2017, when XRP was trading at just about $0.00672. Shortly after, the asset surged by over 49,155%, reaching a new height at $3.31. Later in 2020, XRP saw its second Golden Cross resulting in a massive 653% value hike. The coin moved from $0.2675 in November 2020 to almost $2 in April 2021. This happened even as XRP suffered from the pressures of the SEC case. Much like the previous events, Egrag hints at possible price surges, which could mirror about half of 2017 increases, about 24,577%, possibly seeing XRP surge to over $128 from the currently prevailing value of $0.5208. Egrad’s tweet spurred a flurry of responses from Twitter users, some just seeking clarity, while others celebrated.
Hot Take:
The anticipation around XRP’s upcoming third bullish golden cross is palpable, with traders and investors eagerly awaiting potential price surges. The historical data presented by Egrag Crypto suggests that XRP has a history of experiencing significant value hikes following these crosses. If the upcoming golden cross follows a similar pattern, XRP could potentially surge to over $128, representing a massive increase from its current value. However, it’s important to approach these predictions with caution, as market dynamics can be unpredictable. Whether you’re a seasoned crypto enthusiast or new to the game, keeping an eye on XRP’s movements in the coming weeks could present exciting opportunities.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.