Cryptocurrency XRP, which had a downward trend last month, started to show signs of an increase. XRP, which was $ 0.93 on July 13, lost approximately 36% of its value. However, the cryptocurrency formed a golden cross on the three-day chart for the first time in three years. This situation is interpreted as a sign that XRP is preparing for a big rally.

MackAttack, one of the leading names in the XRP community, highlighted this bullish formation for the first time in a tweet. This latest golden cross is the third XRP has ever experienced, according to data from a chart submitted by TradingView user CoinChartist.

MackAttack claimed that this intersection could start a long-term bull run for XRP. Historical data shows an impressive price increase in XRP after each golden cross.

The golden cross on the XRP chart was first seen in April 2017 at $0.0264. Since then, an upward trend has been observed, reaching as high as $3,317 in January 2018. Despite the SEC defining XRP as a security and making accusations against Ripple in December 2020, XRP quickly rallied.

XRP rose from a low of $0.17 in December 2020 to a peak of $1.96 in March 2021. This represents an increase of 1052% in three months. Market analysts believe the rally could go even higher once the SEC case is concluded. XRP's recent formation of its third golden cross has raised expectations for a price rally, but no definitive price prediction has been made.

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