XRP has formed a rare 'golden cross' on the three-day chart after three years. Thus, it triggered bullish speculations of an imminent rally for the altcoin.

This created the third 'golden cross' in altcoin history!
XRP is showing bullish signs despite the downtrend observed last month. Notably, XRP is down 36% from its high of $0.9380 on July 13. However, the altcoin recently formed a 'golden cross' on the 3-day chart for the first time in three years. MackAttack, one of the leading names in the XRP community, highlighted the bullish formation in a recent tweet. The influencer cited data from a chart provided by CoinChartist, a TradingView user.
Referring to the information in the chart, MackAttack emphasized that the recent golden cross is the third in the entire history of XRP. He claimed that its emergence could catalyze an unprecedented long-running bull run.
How is the historical trend?
MackAttack backs up its claim by historical trends, especially seen on the three-day chart. Interestingly, every time XRP observed a golden cross, an impressive price increase occurred. XRP saw the cross for the first time changing hands at $0.0264 in April 2017. The altcoin then recorded an impressive rise. In the process, it reached an all-time high of $3,317 in January 2018, with an enormous increase of 12,437%.
In December 2020, the US SEC filed charges against Ripple, alleging that XRP is a security. Just at this time, the 'golden cross' occurred again on the XRP chart. Despite the prevailing legal pressure and bearish trends, XRP rallied shortly thereafter. The altcoin has skyrocketed from a low of $0.17 in December 2020 to a 2021 high of $1.96 in March 2021. This increase represented a 1.052 percent increase over three months. However, market analysts believe the rally could have been much higher in the absence of the SEC's lawsuit.
Altcoin creates third 'golden cross'
XRP formed the third golden cross nearly three years later. Due to previous performances, the latest formation has triggered bullish speculations for another price rally. Analysts predict an astronomical increase. However, they do not provide an exact price estimation. What's more, they're calling out a lot of numbers for the potential target. In the midst of widespread bullishness, it is crucial to approach the market with a reasonable degree of caution. Investors should keep in mind that past performances do not guarantee future price movements. Meanwhile, the altcoin is currently trading at $0.627, down 0.62% in the last 24 hours.
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