XRP has achieved a notable technical milestone with a golden cross on its four-hour Bitcoin chart, where the 50-period moving average crossed above the 200-period moving average. This development is typically seen as a bullish indicator by market participants.
Golden Cross Signals and Price Performance
Despite the positive technical signal, XRP/BTC experienced six consecutive declines on the 4-hour chart, catching bullish traders off guard. However, this pullback has not erased XRP’s impressive short-term gains against Bitcoin. Since September 16, XRP has maintained steady upward momentum on both the 4-hour and daily charts, consistently moving above major moving averages.
The token climbed to $1.65 on September 25, coinciding with the first daily golden cross of 2026 on the USD chart. This surge came alongside heightened on-chain activity, including 1,917 large whale transactions valued at $100,000 each, and a spike in new wallet creation, with 3,647 new addresses added to the XRP network.
Bitwise submitted an updated registration for an XRP ETF with the SEC on September 18, a period during which XRP posted gains for four consecutive days. Currently, XRP trades at $1.55, representing a 1.19% decline in the past 24 hours, after reaching $1.62 earlier in the trading session.
Technical Barriers and Analyst Insights
Profit-taking has emerged at current levels, but certain market signals suggest the possibility of further gains. Crypto analyst Ali noted that the URPD indicator reveals limited resistance until $1.60, a level where around 2.5 billion XRP previously changed hands. This area may act as a short-term barrier, with potential for additional selling activity before the next major price movement.
XRP seems to have finished forming the right shoulder in a large inverse head-and-shoulders pattern on the daily USD chart. With $1.60 as a focal point, a convincing move above the neckline could validate the formation and prompt a further 30% rally toward $2.
The 365-day Market Value to Realized Value (MVRV) ratio for XRP stands at -11.75. Despite recent price increases, this indicates that the average active trader over the last year remains at a loss. However, the risk of further decline appears limited if demand remains strong, offering traders a potential path to recover losses.
Whale Activity and Meme Token Momentum
Large holders have continued to accumulate XRP, adding more than 470 million tokens—valued at approximately $724 million—over just five days. This accumulation signals growing anticipation among whales for the next significant price move.
For investors monitoring technical patterns such as the inverse head-and-shoulders, careful market observation remains crucial. In the meme token space, internet trends often translate into outsized financial activity in short timeframes. Fomo App reported a standout trade where a $99 entry into the “Niu Lai” token ballooned to nearly $370,000, illustrating the rapid impact of viral momentum. Tracking not just price, but also investor timing and token choices, has become key in this environment. Fomo App enables users to discover new meme tokens through social feeds, investor rankings, and instant trade alerts, providing a unified platform for both analysis and trading.
