XRP Nears Golden Cross as Traders Pivot to Altcoins

XRP, the cryptocurrency closely associated with Ripple, had been under technical pressure after its 50-day exponential moving average fell below the 200-day EMA, forming a “death cross.” The token’s move back above both trend lines has now erased that bearish signal, strengthening the case for a medium-term recovery and drawing fresh attention to one of the largest crypto assets by market value.

As of Aug. 24, XRP had surged more than 14% in 24 hours to $1.40, outperforming every other top-10 cryptocurrency and putting it on course for its biggest weekly gain in 21 months. The advance was fueled by a sharp Bitcoin short squeeze and improving market liquidity, while a US Treasury debt buyback also encouraged speculation that policymakers could pursue measures resembling yield-curve control.

XRP, the digital asset associated with Ripple’s payments ecosystem, was designed to serve as a bridge between currencies and reduce the need for pre-funded accounts in cross-border transactions. Its investment case therefore rests partly on adoption by financial institutions and regulatory treatment, not only crypto-market sentiment. Digital Ascension Group CEO Jake Claver has argued that XRP could eventually become a global bridge asset, though the Bank for International Settlements has not designated it a tier-one asset.

XRP fell more than 5% in the week ended Aug. 7 even as other major cryptocurrencies rebounded, leaving the token near $1 and showing that fund demand has yet to translate into stronger spot-market momentum. U.S.-listed spot XRP ETFs still attracted about $27.29 million in July, extending their inflow streak to four months. Since launching in November 2025, the funds have drawn roughly $1.49 billion in cumulative net inflows, while their assets stood at about $991 million.