XRP Forms Golden Cross Against Bitcoin but Faces Near-Term Hesitation
XRP's 4-hour chart showed a golden cross as the 50-period moving average crossed above the 200-period moving average, though recent red candles caused caution. XRP reached $1.65 on September 25 and stayed strong versus Bitcoin, while Bitwise updated its XRP ETF filing on September 18. Analysts see a break above $1.60 potentially triggering a 30% move toward $2, with resistance around that level.
On the four-hour XRP/Bitcoin chart, the 50-period average moved above the 200-period average, a pattern often read as a bullish signal. Still, several red candles on that timeframe kept traders cautious. XRP touched $1.65 on Sept. 25 and held up versus Bitcoin, while Bitwise revised its XRP ETF paperwork with the SEC on Sept. 18.
Additional data showed 1,917 large transfers near $100,000 and 3,647 new wallets. Analyst Ali pointed to limited resistance up to $1.60, where about 2.50 billion XRP had changed hands. A daily inverse head-and-shoulders setup suggests a sustained break above $1.60 could open a roughly 30% move toward $2. Recent whale buying exceeded 470 million XRP, worth about $724 million.
If XRP’s technical setup and ETF filing progress translate into wider adoption, retail holders, crypto traders, and fintech firms could feel more confident about digital-asset markets. A move toward $2 may attract speculative interest, while losses for recent buyers could still weigh on sentiment. Broader society may see continued debate over how crypto investments fit into household finances and regulatory oversight, though any direct impact remains uncertain.