XRP posts double golden cross against Bitcoin, surges 45% in a week

Technical signals and rally milestones

XRP’s technical indicators flashed bullish on multiple fronts. On the XRP/BTC pair, the 50-period moving average crossed above the 200-period moving average on both the 3-hour and 2-hour charts—patterns known as golden crosses. Such moves are closely watched by market participants as indications of potential upside momentum.

Over a four-day stretch, XRP notched consistent gains against Bitcoin, culminating in a spike to its highest level in six months. This surge briefly pushed past resistance levels that had capped its price since January, including the daily 50 and 200 moving averages on the XRP/BTC chart. While Saturday produced the most significant daily rally during the period, this advance partially retraced just hours later.

XRP not only climbed above important technical barriers but also delivered four consecutive days of outperformance against Bitcoin, reaching levels not seen in half a year.

Traders are now watching whether XRP can maintain its current momentum and attempt another push toward the $2 mark in its USD pairing.

Market environment and institutional moves

The move in XRP/USD began midweek, coinciding with the US Treasury’s intervention in the bond market, which helped ease pressure on risk-sensitive assets. The crypto market gained further momentum through a large short squeeze, and sentiment was buoyed by renewed legislative efforts on the Clarity Act from both the White House and industry leaders.

Spot exchange-traded funds (ETFs) linked to XRP saw record activity this week, as on-chain volumes reached the highest point of the current quarter, according to data compiled by SoSoValue.

In an additional development, Ripple confirmed support for a new institutional credit fund. This vehicle aims to provide RLUSD stablecoin liquidity to fintech and payments firms via the XRP Ledger, in coordination with lending specialist Clearpool and credit manager Cicada Partners.

Mini dictionary: RLUSD stablecoin, an institutional stablecoin introduced for regulated lending and payments, operates natively on the XRP Ledger and is designed to facilitate on-chain institutional credit transactions.

Recent performance and price outlook

On Saturday, XRP recorded a nearly 27% intraday move, briefly touching $1.699 before giving back some gains. As of the most recent update, XRP traded at $1.43, up 4.45% in 24 hours and 45% over the past week. A renewed break above $1.7 could set the stage for a test of the $2 resistance level.

XRP spot ETFs experienced record trading volumes this week, coinciding with the busiest quarter-to-date for on-chain transactions as tracked by SoSoValue.