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XRP just formed a new short-term golden cross versus Bitcoin, and the market is weighing whether the technical signal can underpin more upside.
A golden cross is when a shorter-term moving average crosses above a longer-term moving average. In this case, the 50 MA crossing above the 200 MA.
This signal appearing on the XRP/BTC 3-hour chart might suggest improving momentum and a possible short-term trend change.
The development is especially important for XRP, since it could propel renewed strength against Bitcoin. On a 24-hour basis, XRP is outperforming Bitcoin in percentage gains, up 2.19% while Bitcoin was up 1.74% in the same timeframe. However, a golden cross is not a guarantee of sustained upside, and traders will be watching whether price action confirms the signal.
Potential targets
In a recent X post, Ali, a crypto analyst, pointed to a spike in XRP exchange outflows. He said that around 01:00 UTC today, about 13.24 million XRP were withdrawn from exchanges, potentially reducing the immediate supply for sale.
At the same time, some of the biggest whales have been buying, increasing their holdings by nearly 60 million XRP in the last week.
Likewise, the XRP Binance Scarcity Index has achieved its highest level since 2022. This signals growing scarcity of XRP on Binance amid a decline in the amount of supply available for trading compared with previous periods.
Ali stated that he is watching for a move toward $1.60, as a break above this resistance would put $2.10 in focus. Exchange outflows and whale accumulation are building the bullish case for XRP, but the charts will decide whether it becomes a breakout.
In separate news, t54 Labs has announced a partnership with Altair to bring AI model-token bill settlement to the XRP Ledger. Altair is now an x402 merchant on XRPL AI Hub, with a daily-invoice resource that accepts settlement in RLUSD.