XRP Predicts Will Fly After Crypto Analysts See This Signal

XRP prices are predicted to soar. (Photo; Doc. Bitcoinist)

JAKARTA - XRP, a cryptocurrency used on the Ripple payment network, has the potential to experience a significant price spike. This positive view was conveyed by the famous crypto analyst, JD.

JD said that XRP has just formed a rare Golden Cross pattern on its 4-day graph, which usually indicates the start of a strong upward trend.

The Golden Cross pattern formed when the short-term Moving Average (MA) of an asset surpassed the long-term MA, shows positive momentum. JD explained that this pattern is often followed by a massive price increase, which can provide high profits for investors.

JD shared a 4-day XRP chart showing XRP price movements since 2014. From this graph, it can be seen that XRP has always experienced a tremendous increase after forming the Golden Cross pattern.

For example, in November 2017, XRP rose more than 700% after this pattern was formed, and then reached an all-time high at $3.31 (Rp 51,561,000.70) in January 2018. At the end of 2020, XRP again formed a golden cross pattern and jumped nearly 1000% in April 2021.

JD said that the price movement of XRP is currently in a similar condition to 2017, where the asset is traded under a multi-year downward trend line. This trend line has been a barrier to XRP since January 2018. However, with the formation of the latest cross golden pattern, JD predicts that XRP will soon penetrate this trend line and begin a sharp rise.

Although JD does not set a definite pricing target, its graph shows that XRP has the potential to rise beyond the $14 level (Rp218,540,000.00). Currently, XRP is trading around $0.65 (Rp10,146) per coin, according to CoinMarketCap data. If XRP manages to reach the $14 level of the current price, the asset will rise more than 2000%.

This JD prediction has the support of several other sources who also see a golden cross pattern on the XRP graph. For example, CoinDesk reports that XRP surged after this pattern appeared on weekly graphs in March 2021. In addition, TradingView also confirmed that XRP had formed its first golden cross pattern in 2023 on a daily graph.

This golden cross pattern raises optimism for XRP fans, who hope the asset will re-create its new all-time high (ATH).

In addition, XRP also received encouragement from positive developments in the crypto sector, such as support from several global payment platforms, such as PayPal, Visa, and Mastercard, as well as recognition from a number of countries.