- As Bitcoin (BTC) price recovers, XRP price chart prints a bullish signal.
- The XRP Army is thrilled to see that XRP has printed a bullish golden cross.
- Previously an XRP golden cross led to a parabolic pump between 10x-650x.
With Bitcoin (BTC) price back over the $61,000 price range, the crypto community is booming with greater bullish sentiment once again. Leading the charge is the XRP Army as multiple crypto and XRP price analysts rejoice over the formation of the golden cross on the XRP price chart.
XRP Forms Bullish Golden Cross
The formation of a golden cross pattern in any crypto price chart has always pointed to a significant bullish flag. Thus, this golden cross formation acts as a beacon for XRP holders across the world. The price of XRP has been long suppressed in the eyes of many XRP analysts and this may be the moment that the asset will finally see a parabolic pump.
In 2017, XRP saw a massive parabolic pump that led to the asset setting a new ATH with a 60,000% pump. If this golden cross is the trigger that will bring about another parabolic pump much like the likes of the 2017 pump then a massive surge in XRP price is expected soon.
XRP missed the last bull cycle due to its battle with the SEC. After years, this battle has finally come to a conclusion placing XRP in the midst of the current crypto bull cycle and poised to experience massive gains, perhaps another 60,000% parabolic price pump will occur for XRP.
XRP Army Awaits Massive Parabolic Pump to New ATHs
According to many popular crypto and XRP analysts, XRP will certainly break its previous ATH and could even surpass price targets like of $9 – $22, if not higher. Based on the chart below, one analyst shares his take on the golden cross formation.
Based on the chart above, XRP has printed a golden cross on both the 4-day and 5-day charts. The post then highlights how in the last 2 golden crosses, XRP printed between 10x and 650x over the next 70-280 days.
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