XRP surged 82% in a week, and the super golden cross indicates that it will rise further?
This week, the cryptocurrency XRP is very popular, rising by more than 80%! XRP is an old face in the crypto circle. Many people were not optimistic about it before, but now it has rushed to $1.265 per coin in one breath. It has been almost three years, and it has not been so high!
Why is it so fierce? On the one hand, everyone is enthusiastic about it, and on the other hand, there are new trends in regulatory policies in the United States. XRP is now in the limelight, and the attention is rising.
Moreover, XRP has broken through the triangle consolidation pattern that has been held since 2018. It seems that it will explode! Although it has risen so much, the story may have just begun!
In addition, this rise is not a blind rise. When it fell back to $1, buyers took action again, proving that this rise is quite reliable. What's more, a golden cross appeared on the weekly chart of XRP!
The golden cross is when the 200-day moving average and the 50-day moving average cross from bottom to top. This pattern generally indicates that the token is going to rebound. It is rare to see this pattern on the weekly chart. After all, XRP has been traded for more than ten years.
Of course, it doesn’t mean that it will continue to rise. In April 2021, a golden cross also appeared on the XRP weekly chart, but it later rose by 350% to a high of $1.97.
So, how high XRP can fly this time, we have to wait and see!
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