Crypto enthusiasts are eagerly awaiting the third bullish golden cross in XRP’s history. A golden cross is when shorter moving averages surpass or cross long-term moving averages, indicating a shift from bearish to bullish. Popular analyst Egrag Crypto recently tweeted that the XRP community should prepare for the incoming bullish cross.Egrag’s analysis shows that every time the 21 weekly EM and 100 weekly EMA create a bullish cross, XRP experiences a significant surge in value. The first bullish cross occurred in March 2017, when XRP was trading at $0.00672 and surged by over 49,155%, reaching a new height of $3.31. The second Golden Cross in 2020 resulted in a 653% value hike, moving from $0.2675 in November 2020 to almost $2 in April 2021.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. This news has caused a flurry of responses from Twitter users, some just seeking clarity, while others celebrated.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
positive |
| Relevance Score |
10 |
| People |
Egrag Crypto, SEC, Egrag, Twitter Users |
| Companies |
Binance, PrimeXBT, SEC, XRP, Egrag Crypto |
| Currencies |
XRP, Bitcoin, Ethereum, USD, None |
| Securities |
None |
