📍XRP Forms First 2023 Golden Cross

▪️ XRP has an MA cross for the first time this year, and it is a golden cross. The last time was in October 2022.

▪️ A golden cross is a bullish indicator when the short-term moving average crosses the long-term moving average. XRP MA50 has crossed MA200, confirming the appearance of the golden cross.

▪️ XRP rose for most of March, hitting as high as $0.589, but has fallen sharply recently, falling 9.75% in seven days.

▪️ A golden cross may not be an absolute signal, as the coin may be overbought and need a correction.

▪️ There is another interesting pattern on the XRP daily chart: the bull flag pattern, which is a continuation pattern.

▪️ The XRP Golden Cross formed in October 2022 was invalidated due to the adverse impact of the FTX collapse on the market.