XRP on Verge of Ultra-Rare Golden Cross Versus Bitcoin

CN
U.today
Follow
2 hours ago

It may all finally change for one of the most closely watched alternative trading pairs on the crypto market — XRP/BTC. For years, the XRP/BTC chart has tended to remain in a downtrend against Bitcoin. Even the latest 300% rally did not push XRP to even 30% of what was once its all-time high in this pair, at 0.000245 BTC per XRP back in May 2017.


However, the current picture is starting to look different. On both the weekly and monthly charts, XRP is entering an area where the 23-period moving average is about to cross above the 50-period moving average. This formation is known as a golden cross. 


The last time it appeared on the XRP/BTC chart, it coincided with a 112% increase from November 2024 to February 2025.


HOT Stories BREAKING: Bitcoin Reclaims $120K. Is ATH Next?BREAKING: CME Group to Offer 24/7 Trading for XRP, SOL, BTC, and Other Crypto FuturesMorning Crypto Report: XRP ETF Mania Sparks After $19,000,000 Raised, New Bitcoin Price All-Time High May Be Imminent, Dogecoin Bulls Load $3.96 Billion FuturesBitcoin Approaching $120,000 Amid Government Shutdown 

XRP/BTC by TradingView

If confirmed, the most probable short-to-medium-term target is a retest of 0.00004 BTC. This would represent a 60% increase from current levels and align with the resistance level from the late 2022 consolidation period. 


Scenarios


Breaking above 0.00005 BTC would open the door to the wider 0.00007-0.00008 BTC range, where there is heavy supply from the 2021-2022 cycle. For the XRP price, in dollar terms, this would mean a range of $4.76-$9.51. 


Add the fact that Oct. 18, which is two weeks away, is the deadline date for a spot XRP ETF, and it looks like the perfect combination. Whether this scenario will come to life, though, is an open question.


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink