Share this article
XRP-BTC Pair Flashes First Golden Cross, Hinting at Major Bull Run for XRP
The pattern has raised the probability of ratio breaking out of its prolonged sideways trend in a sign of major XRP uptrend.
Updated May 21, 2025, 6:37 p.m. Published May 21, 2025, 12:41 p.m.
Make us preferred on Google
What to know:
- The XRP to bitcoin price ratio has formed its first golden cross on the weekly chart.
- A golden cross indicates that the short-term trend is outperforming the broader trend, possibly leading to a major bull run.
- The pattern has raised the probability of ratio breaking out of its prolonged sideways trend in a sign of major XRP uptrend.
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
The ratio between payments-focused cryptocurrency XRP and bitcoin's dollar-denominated prices has triggered its first golden cross on the weekly chart, indicating a bullish shift in momentum.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A golden cross occurs when the 50-day/week/month simple moving average (SMA) crosses above the 200-day/week/month SMA to indicate that the short-term trend is now outperforming the broader trend, with the potential to evolve into a major bull run.
The crossover confirmed on XRP/BTC's weekly chart increased the likelihood of the ratio breaking out of its four-year-long sideways channel, hinting at a major XRP bull run relative to bitcoin.
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.
More For You
Higit pang Para sa Iyo
Bitcoin losing $70,000 is a warning sign for further downside
Crypto majors soften while Asian equities rebound modestly, with traders continuing to weigh quantum fears, ETF flows and a possible shift in bitcoin’s broader trend.
Ano ang dapat malaman:
- Bitcoin look weak after failing to keep gains above $70,000.
- Weakness in large caps could soon filter through to small caps, which have been resilient lately.
- On-chain data suggest the market is in a stress phase without a clear capitulation bottom.
- Debates rage over impact of quantum-computing risks, a controversial BIP-110 spam-reduction proposal and shifting institutional flows.
