- Altcoin XRP prints bullish weekly golden cross indicator.
- This pattern appeared on the weekly Stoch RSI chart.
- The last two times XRP printed this, it surged parabolically, suggesting a new ATH soon.
The crypto community has been waiting patiently this bull cycle to see the long-awaited and highly anticipated altseason price pump phase. Many analysts have confirmed that this phase has been repeatedly delayed and hope to see bullish indicators that would signal the start of this pump. Since each altcoin could have different indications, one reputed crypto analyst notices how XRP prints bullish weekly golden cross indicator on weekly Stoch RSI.
XRP Prints Bullish Weekly Golden Cross Indicator
The XRP community has endured two of the most challenging market cycles to date. Ever since Ripple and XRP’s legal dispute with the SEC began in 2017, the project has faced major hurdles, but none that the team and its supporters couldn’t withstand. After a lengthy seven-year legal battle, the case was finally resolved last year, reigniting optimism about XRP’s long-term prospects.
Around eight years ago, XRP surged alongside Bitcoin and Ethereum, reaching an ATH in the $3 price range and fueling expectations for even greater gains. However, the SEC’s involvement abruptly halted that momentum, sending XRP’s price into a prolonged slump that lasted several years. As a result, the token missed out on the following bull run, and some market watchers now fear it could also sit out the current one due to the delayed onset of altseason.
On the other hand, prominent analysts and altcoin strategists remain divided on the outlook. While some believe this cycle’s altseason will have been missed, others insist the signs of an impending rally are still evident. So far in this bull market, XRP has seen two strong upward moves, nearly revisiting its previous $3 high. With market sentiment heating up again, analysts continue to debate whether XRP’s long-awaited breakout is finally on the horizon.
This Bullish Signal Suggests New XRP ATH Soon
While reputed crypto analysts come together to determine the fate of the altcoin XRP in the coming days ahead, several bullish indicators across multiple factors point to XRP preparing for a monumental and parabolic price pump soon. As more and more bullish indicators pile up for XRP, analysts believe this pump for XRP may be the most exponential pump yet, perhaps taking XRP price to 2-digits.
As we can see from the post above, this analyst goes on to share a chart that highlights how XRP has just completed a highly bullish pattern on the weekly Stoch RSI. In detail, XRP has just officially printed a weekly golden cross pattern on the Stoch RSI weekly, marking a highly bullish indicator. The last two times XRP made this pattern, its price pumped by 500% and 128% respectively. How high will XRP pump now?
