XRP Just Flashed a Rare Signal: A Major Move Could Be Coming

An XRP signal is flashing right now on the token’s two-week chart, and it has only shown up twice before in the coin’s whole history. Analyst Steph Is Crypto says the setup, an XRP golden cross forming on the XRP MACD, has come right before two major rallies, and this XRP bullish signal is hinging on whether price can hold above $1.60. XRP is trading near $1.48 as of August 25, so the level is not far off at all, and that is a big part of why traders are watching this XRP signal so closely at the time of writing.

Also Read: XRP Is Finally Breaking Out at $1.31: Is the Next 500% Rally Starting Now?

XRP Golden Cross And MACD Signal Point To A Major Move

Traders are taking this XRP signal seriously right now, mostly because of how rare this exact crossover is on this specific timeframe. Also, because of what happened the last two times an XRP signal like it showed up.

The MACD Setup Behind The XRP Signal

A golden cross on the MACD happens when the blue MACD line moves above the red signal line, after it has spent some time sitting down in bearish territory. On the two-week chart right now, Steph Is Crypto describes the crossover as close, and calls it something that could hit within a day or two:

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