XRP Forms Golden Cross
0Analysts consider the XRP price chart to have generated its first "golden cross" in 15 months, which is seen as a bull market indication.
On Oct. 23, the daily moving average (MA) 50 of XRP crossed above the moving average (MA) 200, verifying a price chart pattern known as a "golden crossing," which is a long-term bullish indication.
The golden cross has already shown on XRP charts.
Its most recent occurrence occurred on July 17, 2021, and was followed by a 176% price rise, with XRP peaking at $1.41 before reversing course to the negative.
Traders and analysts usually interpret the golden cross as an indication of a clear uptrend.
As a result, the most recent cross may pique the interest of trend-following traders, spurring more price rises.
Source: https://u.today/xrp-forms-its-first-golden-cross-in-months-details
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