XRP Forms First-Ever Golden Cross Against Bitcoin. Here’s the Significance

XRP has recorded a key technical milestone by forming its first-ever golden cross against Bitcoin on the weekly timeframe, a development that analysts are viewing as a strong indicator of long-term strength. This event occurs as XRP continues to display growing momentum both on-chain and in market activity, despite years of subdued performance due to regulatory overhang. A golden cross is defined in technical analysis as the point at which a short-term moving average crosses above a long-term moving average, typically interpreted as a potential shift from a bearish to a bullish trend. In this instance, XRP’s 50-week moving average has moved above the 200-week moving average against Bitcoin. It’s the first time this crossover has occurred for the XRP/BTC trading pair, and it suggests a possible reversal in the relative underperformance XRP has experienced since late 2020. Potential Implications for XRP Price Performance This formation is attracting attention because it follows nearly four years of sideways movement in the XRP/BTC ratio, a period during which XRP was largely unable to capitalize on broader market rallies due to its legal battle with the U.S. Securities and Exchange Commission (SEC). Now, with more clarity surrounding Ripple’s position and increasing on-chain activity, the market is reassessing XRP’s relative valuation. Some market participants see this technical shift as a sign that XRP may outperform Bitcoin in the coming months, particularly as altcoin markets gradually recover and investors begin rotating capital outside Bitcoin. The move is seen as particularly notable because most altcoins are still trailing Bitcoin in terms of year-to-date performance. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP Ledger Sees Strong Q1 2025 Growth Accompanying this technical signal is data indicating significant growth in XRP’s network activity. According to Messari’s “State of XRP Ledger Q1 2025” report, XRP’s circulating market capitalization rose by 2% quarter-over-quarter (QoQ), contrasting with a combined 22% decline across Bitcoin, Ethereum, and Solana. On a year-over-year (YoY) basis, XRP’s market cap surged by 252%, growing from $34.6 billion at the end of Q1 2024. Other key metrics also reflected sustained momentum. Daily active addresses increased by 142% QoQ to reach 134,600. The number of new addresses rose by 12% from the previous quarter, totaling 568,300, a 210% increase from the same period a year ago. Notably, the number of receiver addresses on the XRP Ledger continued to exceed sender addresses for the fourth consecutive quarter, signaling an expanding base of transaction participants. Daily average receiver addresses climbed by 168% to 127,800, while average daily senders grew by 14.5%, reaching 34,300. XRP’s first-ever golden cross against Bitcoin on the weekly chart, coupled with positive growth across its core network metrics, may mark a turning point in its long-term trajectory. As technical indicators and adoption metrics align, investor sentiment toward XRP appears to be improving, potentially positioning the asset for stronger relative performance in the broader crypto market. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Forms First-Ever Golden Cross Against Bitcoin. Here’s the Significance appeared first on Times Tabloid .

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