XRP’s Golden Cross: The Crypto Drama Unfolds! 🎉💰

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In a moment that could only be described as historic, XRP has achieved the remarkable feat of forming its very first golden cross against Bitcoin on the weekly chart. The markets, ever the attentive spectators, are taking note of this spectacle. It is significant, indeed, for since the twilight of 2020, the XRP to BTC ratio has been ensnared in a narrow sideways pattern, much like a cat chasing its own tail, with regulatory uncertainty acting as the mischievous hand that prevents XRP from basking in the glory of the crypto market rally.

Now, what is this golden cross, you ask? It occurs when a shorter-term moving average—typically the 50-week MA—dares to cross above a longer-term moving average, usually the 200-week MA. This crossing signals a potential long-term trend reversal to the upside, much like a plot twist in a Tolstoy novel that leaves you gasping for breath.

In the case of XRP, the weekly 50 MA has triumphantly risen above the weekly 200 MA, signaling a “golden cross” that raises the tantalizing possibility of XRP vs. BTC breaking free from its four-year-long sideways trend. Could this be the dawn of a potential XRP bull run relative to Bitcoin? Only time will tell, but one can almost hear the crypto enthusiasts sharpening their pencils in anticipation.

This rare technical event is interpreted as a sign of strength for XRP, especially as some altcoins seem to be lagging behind Bitcoin like a tired horse in a race. The golden cross appears as XRP continues to witness significant network activity, legal clarity from the Ripple vs. SEC lawsuit, and an expanding interest that could make even the most stoic investor crack a smile.

XRP Network Metrics Growing

According to Messari’s recently released “State of XRP Ledger Q1 2025,” XRP’s market capitalization has gained a modest 2% QoQ, triumphantly beating the combined market capitalization of BTC, ETH, and SOL, which fell a staggering 22% QoQ. Year on year, XRP’s circulation market capitalization has soared by 252%, rising from a humble $34.6 billion at the end of Q1, 2024. Talk about a glow-up!

In Q1, all measured network metrics have increased for the second consecutive quarter. Among these indicators, the average daily active addresses have climbed a staggering 142% QoQ to 134,600, demonstrating growth in both new and existing users. Furthermore, total new addresses have risen by 12% quarter on quarter to 568,300, marking a 210% year-on-year rise from 183,200 in the first quarter of 2024. It seems the XRP community is growing faster than a rumor in a small town!

For the fourth quarter in a row, active receiver addresses have outnumbered active sender addresses on the XRPL. The average daily receiver has climbed by 168%, from 47,700 to 127,800, while the average daily sender has increased by a mere 14.5%, from 30,000 to 34,300. It appears that everyone wants to receive, but few are willing to send. Ah, the irony of human nature!

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2025-05-21 18:36