Golden Cross in XRP: Analysts Predict 10x to 650x Price Surge Ahead
XRP has jumped by 5% in the past 24 hours, rising to $0.6109 as the crypto market enjoys a 2.5% gain today.
The alt is now up by 6% in a week and by 20% in a fortnight, making it one of the best-performing major tokens of these periods.
And with XRP also sitting on 15% increase in a year, some analysts are pointing to a recent golden cross on its 5-day chart to suggest that even bigger returns are on the horizon.
XRP certainly has been in an undervalued position for too long, and now that rate cuts in September are increasingly likely, it could see a strong end to the year.
Posting on X, analyst JD noted that XRP has rallied by anything from 900% to 64,900% after witnessing a golden cross on its 5-day chart.
Such gains have come between 70 and 280 days following each cross, so it’s not clear just how long we may have to wait for XRP to complete the next bull cycle.
#XRP – Golden Cross (both 4day & 5day chart). Last 2 Golden Crosses, XRP 10x – 650x b/w 70-280 days!
Ignore the HYPE from influencers who been REKTin you w/1x gains in 6 years
