The cryptocurrency XRP has experienced a significant rise of over 80% in the past week, reaching its highest price in three years at $1.265 per token. This surge in price, combined with regulatory developments and increased attention, has caused XRP to break out of a triangle accumulation pattern that has been in place since 2018. Additionally, a golden cross pattern is forming on XRP's weekly price chart, which suggests the potential for a major rally. However, it is important to note that a golden cross formation on the weekly chart could also indicate the end of the token's rally, as seen in April 2021. Despite this, XRP has previously experienced significant growth even after the formation of a golden cross.



Other News from Today