XRP Forms Pattern That May Trigger Bullish Behavior
XRP, the sixth largest cryptocurrency by market cap, has formed a “golden cross” pattern for the first time in 15 months. Analysts regard the formation of a golden cross as a bull market indicator. On October 23rd, XRP’s daily moving average (MA) 50 crossed above the moving average (MA) 200, validating the “golden cross” price pattern, a long-term bullish indication. Source: TradingView, UToday Will the formation of a golden cross lead to an XRP rally? Analysts usually relate the formation of a golden cross as a bullish development . Moreover, this is not the first time the golden cross has appeared on the XRP charts. The indicator has previously appeared on the token’s charts a few times. The last time it happened was on July 17, 2021. Furthermore, it was followed by a 176% price rally . The token reached a high of $1.41 before reversing direction to the downside. Analysts and traders usually interpret the golden cross as a sign of a clear up...