XRP Golden Cross Against Bitcoin (BTC) Has Just Occurred for the First Time in History

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.

In a piece of crypto news that has some serious implications for the broader market, Charles Harris over at CoinDesk reports that, on Friday, (May 12), XRP formed its first-ever golden cross against Bitcoin (BTC) on the weekly chart.

Now, this is a big deal for a few reasons. Since late 2020, the XRP vs. BTC ratio has been stuck in a narrow sideways pattern. This is despite the fact that Bitcoin has seen an incredible rally during this time period.

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), signaling a possible long-term trend reversal to the upside.

In the case of XRP, the weekly 50 MA has just recently moved above the weekly 200 MA, signaling a “golden cross” that increases the chance of XRP vs. BTC breaking out of its four-year-long sideways trend, which could herald a potential XRP bull run vs. Bitcoin.

This rare technical event is being observed as a sign of strength for XRP, especially as some other altcoins have been lagging behind Bitcoin. The golden cross comes as XRP continues to see huge amounts of network activity, legal clarity from the Ripple vs. SEC lawsuit, and expanding interest.

According to Messari's recently released "State of XRP Ledger Q1 2025," XRP's market capitalization grew by 2% Q-o-Q. To put this in perspective, the combined market capitalization of BTC, ETH and SOL decreased by 22% Q-o-Q.

Year-over-year, XRP's circulation market capitalization has surged by 252% from $34.6 billion at the end of Q1, 2024.

Also, all measured network metrics increased for the second consecutive quarter. Among these indicators, average daily active addresses showed an increase of 142% Q-o-Q to 134,600, highlighting the growth in new and existing users.

Moreover, new addresses rose by 12% quarter on quarter to 568,300, a 210% year-on-year increment from 183,200 in the first quarter of 2024.

For the fourth quarter in a row, active receiver addresses outweighed active sender addresses on the XRPL. The average daily receiver increased by 168%, from 47,700 to 127,800, while the average daily sender had a smaller increment of 14.5%, from 30,000 to 34,300.