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In a historic move, XRP has just formed its first-ever golden cross against Bitcoin on the weekly chart, and the markets are taking notice. This is significant as, since late 2020, the XRP vs. BTC ratio has been stuck in a narrow sideways pattern, with regulatory uncertainty preventing XRP from benefiting from the crypto market rally.
A golden cross happens when a shorter-term moving average (usually the 50-week MA) crosses above a longer-term moving average (usually the 200-week MA), indicating a possible long-term trend reversal to the upside.
In the case of XRP, the weekly 50 MA has risen above the weekly 200 MA, signaling a "golden cross" that raises the chance of XRP vs. BTC breaking out of its four-year-long sideways trend, implying a potential XRP bull run relative to Bitcoin.
This rare technical event is interpreted as a sign of strength for XRP, particularly with some altcoins lagging behind Bitcoin. The golden cross occurs as XRP continues to see significant network activity, legal clarity from the Ripple vs. SEC lawsuit, and expanding interest.
XRP network metrics growing
According to Messari's recently released "State of XRP Ledger Q1 2025," XRP's market capitalization gained 2% QoQ, beating the combined market capitalization of BTC, ETH and SOL, which fell 22% QoQ. Year on year, XRP's circulation market capitalization has climbed 252% from $34.6 billion at the end of Q1, 2024.
In Q1, all measured network metrics increased for the second consecutive quarter. Among these indicators, average daily active addresses climbed 142% QoQ to 134,600, demonstrating growth in new and existing users. Furthermore, total new addresses climbed 12% quarter on quarter to 568,300, a 210% year-on-year rise from 183,200 in the first quarter of 2024.
For the fourth quarter in a row, active receiver addresses outnumbered active sender addresses on the XRPL. The average daily receiver climbed by 168%, from 47,700 to 127,800, while the average daily sender increased by 14.5%, from 30,000 to 34,300.
Vladislav Sopov
U.Today Editorial Team