XRPUSD Golden Cross about to form on 4H!

Ripple has been trading within a Channel Up on the logarithmic scale since the bottom of the March collapse. As seen on the chart the middle of the Channel has been playing a key role as the Pivot Point. So has the 4H RSI in identifying shorter-term enter and exit points.

However the most critical formation of all has been the Golden Cross (i.e. when the MA50 crosses above the MA200). So far since the March bottom, two times the Golden Cross formed on the 4H chart and in both events, a strong rally followed (more aggressive on the 2nd occurrence).

Right now the Golden Cross is again emerging and on top of the the RSI is approaching its 7 month Resistance Zone. When those two parameters took place, it was a buy signal into a 15 day accumulation. Then a Higher High (on the Channel Up) was priced.

Is XRPUSD getting close to another such opportunity? Feel free to share your work and let me know in the comments section!

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