XRP Forms Golden Cross Against Bitcoin as Rally Builds Into July 4th Weekend

XRP climbed more than 8% heading into the July 4th weekend, and the token’s price action against Bitcoin has produced a technical golden cross on short-term charts, according to data cited by on-chain analytics firm Santiment and reported by U.Today.

The move comes as broader altcoin sentiment shows signs of thawing after weeks of exchange-traded fund outflows, cautious whale behavior and depressed market mood. Santiment noted that most major cryptocurrencies, XRP included, were trading higher on July 4 as buyers returned near key support levels.

Four straight days of gains from a $1.02 low

XRP had been confined to a tight range between $1.00 and $1.07 for several days before bouncing off a low of $1.02 on July 1. The token has since posted four consecutive days of gains, pushing its price to $1.14 during the July 4 session.

That recovery follows a steeper drawdown: XRP touched a 19-month low of $1.01 on June 25 before stabilizing. Santiment’s profitability metrics had flagged the setup in advance, with XRP’s 30-day and 365-day MVRV ratios falling to roughly -45% and -47%, respectively — the lowest average returns recorded across both timeframes in the token’s more than 12-year trading history.

Santiment interpreted that extreme level of unrealized losses among both short- and long-term holders as a classic contrarian signal, often preceding relief rallies once fear peaks.

Golden cross emerges on the XRP/BTC chart

The rebound has also strengthened XRP’s standing against Bitcoin. On the 2-hour XRP/BTC chart, the 50-period moving average has crossed above the 200-period moving average, producing a short-term golden cross — a pattern traders typically view as a bullish momentum signal.

The crossover coincided with a sharp spike in the XRP/BTC pair during the July 4 session, reversing a downtrend that had persisted since mid-June, according to the report.

Wallet growth spikes despite sluggish price

On-chain activity on the XRP Ledger has also picked up. The network added 4,941 new wallets in a single day this week, marking its strongest growth spike in more than three months, U.Today reported.

Analysts view the $1.00-$1.05 zone as a likely area where dip-buyers have been accumulating, with market sentiment around XRP reportedly reaching a three-month high in fear-of-missing-out (FOMO) readings even as the token’s headline price remains well below its earlier highs.

Read more: XRP Jumps 5% to $1.16 as Altcoin Buyers Return and CLARITY Act Advances