XRP-BTC Pair Hits First Golden Cross—Is a Monster Rally Brewing?

Technical traders just got a flashing green light: XRP’s chart just printed its first-ever golden cross against Bitcoin. For the uninitiated, that’s when the 50-day moving average punches above the 200-day—a classic bull signal that’s sparked rallies in everything from meme stocks to, well, other cryptos that actually delivered gains.

Does this mean XRP’s years of underperformance are over? Maybe. Or maybe it’s another fakeout in an asset that’s perfected the art of teasing breakout plays. Either way, hedge your bets—this market loves nothing more than crushing the dreams of overleveraged degens.

The ratio has been locked in a narrow sideways trend since late 2020, with regulatory uncertainty keeping XRP from cheering the crypto market bull run.

However, last month, the Securities and Exchange Commission (SEC) dropped its appeal against a favourable ruling for the XRP user Ripple, which established that XRP is not a security when sold to retail investors on public exchanges.

In other words, a significant obstacle has moved out of the way, clearing the path for a breakout, suggested by the golden cross.

The potential breakout could trigger a substantial rally, driving valuations to record highs. Markets tend to build energy during consolidations, which is then released in the direction of the eventual breakout. Thus, the longer the consolidation, the more pronounced and rapid the resulting price movement is likely to be.