XRP is currently experiencing a significant bullish momentum, marked by key technical indicators and impressive price surges against both Bitcoin and the US Dollar, signaling a potentially robust start to the year. This resurgence is capturing the attention of investors, as the cryptocurrency demonstrates strong performance and renewed institutional interest.
XRP's Bullish Signals Against Bitcoin
The cryptocurrency XRP has recently flashed a highly anticipated "golden cross" on its three-hour chart against Bitcoin (XRP/BTC), a technical signal where the 50-period moving average crosses above the 200-period moving average. This marks the first such occurrence on this timeframe in 2026, echoed by similar signals on one-hour and two-hour charts. This bullish alignment follows XRP's steady climb against Bitcoin since January 1st, including notable daily gains of 5.34% and 2.34% on January 2nd and 4th respectively. This momentum has propelled XRP above its daily MA 50 for the first time since early December. Should this upward trajectory persist, analysts are eyeing the 0.00002391 level, representing the daily MA 200, as a crucial next target.
XRP's Strong Performance Against the US Dollar
Beyond its Bitcoin pairing, XRP has demonstrated strong independent growth against the US Dollar, soaring nearly 15% weekly and marking its fifth consecutive day of increases. The digital asset has successfully established a footing above the $2 mark, currently trading around $2.14, and notably broke past its daily MA 50—a level not breached since October. With an intraday high of $2.16, the next significant resistance lies at $2.56, aligning with the daily MA 200. A decisive move beyond this threshold could pave the way towards the $3 valuation. Adding to this positive outlook, institutional demand remains robust, evidenced by U.S.-listed spot XRP ETFs attracting $13.59 million in weekly inflows, catapulting XRP's market capitalization to approximately $130 billion and solidifying its position as the fourth largest cryptocurrency.
