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HomeNewsXRP's Golden Path: 900% Pump Expected to Propel Price to $5.5, Golden...

XRP’s Golden Path: 900% Pump Expected to Propel Price to $5.5, Golden Cross Analysis Shows

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  • Based on previous golden cross patterns, analyst EGRAG forecasts spikes in the XRP price, signaling a change in momentum toward bullishness.
  • EGRAG is projecting an enthusiastic 585% to 900% surge, with the goal of pushing XRP to new all-time highs.

Using historical data patterns, cryptocurrency analyst EGRAG CRYPTO gave a thorough study of Ripple’s XRP’s possible future movements. He focused especially on the technical analysis and significance of the golden cross.

Golden Cross Indicates Bullish Momentum

EGRAG used a 2-week chart to demonstrate how the 21 Exponential Moving Average (EMA) passing above the 55 Moving Average (MA) has historically indicated a bullish shift in XRP’s market behavior.

The golden cross is a phenomenon that indicates that prices have been rising more quickly recently than they have historically, possibly indicating a spike in buying activity and a change in momentum from bearish to bullish.

EGRAG’s study, based on historical data, indicated that there had been prior occasions when this key crossover resulted in significant price rallies for XRP. Notably, a 902% rally that began with a golden cross in early 2017 propelled XRP to its all-time high of $3.31 in January 2018.

In March 2021, there was again another notable upswing, rising by 584% to a peak of $1.96 before a drop took place.

Market Attitude and Prospects for the Future

Analysts and investors alike have been talking about the golden cross’s recurrence, and EGRAG has set high price objectives for XRP. There have been speculations of a 585% rise to $4 and an even more bullish 900% gain to $5.5, which may set new records for the digital asset.

Even with XRP’s tiny 5.80% increase over the last 30 days, EGRAG is still positive, indicating that investors waiting for the next bull run may have missed out on a chance if a new ATH is not reached in the near future.

The market, however, is displaying mixed feelings. While some advise selling in advance of more significant market swings, others—bolstered by the golden cross—see XRP hitting previously unheard-of heights within this cycle.

The focus on technical indicators like the golden cross previously highlighted XRP’s bullish momentum. However, ETHNews previously reported that the potential to reach the $1 mark hinges on the outcome of the impending lawsuit in April.

Meanwhile, the price of XRP has decreased by 1.19% and 2.74% during the last 24 and 7 days, respectively, to $0.6148.

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Syofri
Syofri
Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628
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