XRP Forms First-Ever Golden Cross vs. Bitcoin on Weekly Chart
Emily HarrisXRP Hits Historic Milestone with Golden Cross Against Bitcoin
In a significant development, XRP has formed its first-ever golden cross against Bitcoin on the weekly chart, capturing the attention of the cryptocurrency markets. This technical event is interpreted as a sign of strength for XRP, particularly as some altcoins have lagged behind Bitcoin's performance.
A golden cross occurs when a shorter-term moving average (typically the 50-week MA) crosses above a longer-term moving average (usually the 200-week MA), indicating a potential long-term trend reversal to the upside. In the case of XRP, the weekly 50 MA has risen above the weekly 200 MA, signaling a "golden cross" that raises the chance of XRP breaking out of its four-year-long sideways trend against Bitcoin, potentially leading to an XRP bull run relative to the flagship cryptocurrency.
This rare technical event comes as XRP continues to see significant network activity, legal clarity from the Ripple vs. SEC lawsuit, and expanding interest. According to Messari's recently released "State of XRP Ledger Q1 2025," XRP's market capitalization gained 2% quarter-over-quarter, outperforming the combined market capitalization of BTC, ETH, and SOL, which fell 22% over the same period. Year-on-year, XRP's circulation market capitalization has climbed 252% from $34.6 billion at the end of Q1 2024.
In Q1, all measured network metrics increased for the second consecutive quarter. Among these indicators, average daily active addresses climbed 142% quarter-over-quarter to 134,600, demonstrating growth in new and existing users. Furthermore, total new addresses increased by 12% quarter-over-quarter to 568,300, a 210% year-on-year rise from 183,200 in the first quarter of 2024.
Notably, for the fourth quarter in a row, active receiver addresses outnumbered active sender addresses on the XRPL. The average daily receiver climbed by 168%, from 47,700 to 127,800, while the average daily sender increased by 14.5%, from 30,000 to 34,300.
