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After our article<\/a> last weekend regarding developments in the Ripple community, XRP has continued to climb even further, hitting a high of $0.434 earlier today. The growth was spurred on by a sudden increase in cryptocurrency trading volume that helped push the overall crypto market value to over $267 billion. Both Bitcoin (BTC) and Ethereum (ETH) also enjoyed considerable gains in the surge, gaining 10 percent and 7.2 percent respectively.<\/p>\n XRP is now up by over 40 percent in the past 30 days and has achieved its own \u2018golden cross\u2019 moment, an event often associated with a bullish trend reversal. The \u2018golden cross\u2019, an event which recently helped drive up the price of Bitcoin (BTC), occurs when an asset\u2019s short-term moving average crosses above one of its longer-term moving averages. Usually, when assets begin to make higher gains on a weekly basis following a bear market and long period of consolidation, a \u2018golden cross\u2019 event will occur and confirm a trend reversal.<\/p>\n XRP\u2019s 50-day moving average recently crossed over its 200-day moving average, confirming its golden cross event in a move that has already begun to send ripple\u2019s throughout the XRP community. Popular swing-trader and Crypto Twitter celeb Eric Choe (@CryptoChoe) noted his enthusiasm yesterday for XRP in a Twitter post stating:<\/p>\n Just invested a stack in #xrp<\/a> #ripple<\/a> <\/p>\n This is not trading, just investment purposes. If alt coins have reached its bottom, I want 2017 to occur again.<\/p>\n \u2014 Eric Choe [Mr. Swing Trade] (@CryptoChoe) May 27, 2019<\/a><\/p>\n<\/blockquote>\n Fellow Twitter trader @XRPcryptowolf noted yesterday that a golden cross moment is imminent, suggesting a break above previous highs of $0.478 will likely follow.<\/span><\/p>\nXRP\u2019s \u2018Golden Cross\u2019 event<\/h3>\n
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What are analysts saying?<\/h3>\n