XRP Completes Double Golden Cross Against Bitcoin After 27% Rally

XRP (XRP), one of the largest altcoins by market value, completed a rare double golden cross against Bitcoin on its 2-hour and 3-hour charts this week, as the 50-period moving average crossed above the 200-period moving average on both timeframes. The bullish crossover emerged after four consecutive sessions of gains in the XRP/BTC pair, capped by a Saturday push that carried the token to a six-month high before the move cooled. It carries extra weight because the daily moving averages on the XRP/BTC chart had capped upside since January; clearing that zone converts prior resistance into a support base that bulls are now defending. The breakout followed a crowded week of catalysts: Wednesday's Treasury intervention in the bond market eased pressure on risk assets and sparked the initial crypto-wide bid, a short squeeze then reinforced the advance, and by Thursday sentiment improved further as White House officials and industry leaders mounted a final push to move the Clarity Act through Congress in the coming weeks. On the USD chart, Saturday delivered XRP's sharpest single-session advance of the summer, a swing of nearly 27% that carried the token from $1.34 to an intraday high of $1.699 before profit-takers stepped in. The pair had risen roughly 45% over the preceding week, per exchange data, and traders now read the structure as bullish as long as XRP holds above the reclaimed moving averages, with the $1.699 peak serving as the immediate trigger. The speed of this week's repricing — from range-bound drift to a six-month high — highlights how quickly positioning turned once the macro backdrop shifted. A golden cross forms when a shorter-term moving average crosses above a longer-term one, and the double confirmation on adjacent timeframes strengthens the momentum signal. Although Saturday's peak still sits far below the token's all-time high, the cleared moving-average zone has shifted the technical bias firmly upward, leaving the $2 target in focus.

On the institutional side, US spot XRP exchange-traded funds have absorbed cumulative net inflows of approximately $1.552 billion as of August 21, per the latest fund-flow figures — evidence that professional allocators are still building exposure through regulated products despite the week's volatile two-way price action. The August 21 session alone contributed about $18.38 million in net additions, with the Bitwise XRP ETF drawing roughly $16.89 million of that total, according to the data. Flows have slowed periodically since the products launched, but they have never tipped into sustained outflow, a pattern that analysts read as durable institutional demand rather than speculative churn. Fund-flow trackers also show the products logged a record single-day inflow this week, following the quarter's busiest on-chain trading day for XRP, underscoring the breadth of demand. The renewed ETF bid coincided with XRP's rebound to a high of $1.70 on Saturday, and continued accumulation could act as a liquidity cushion while the spot market works toward the $2 region. For institutional investors, the ETF channel remains the cleanest way to gain XRP exposure without taking custody of the token, and the steady inflow cadence suggests allocation decisions are being made on a structural horizon rather than on daily price swings. The fund revival has also refocused retail attention on yield beyond price appreciation; some holders are again exploring cloud-mining platforms, which let users rent hashrate from remote data centers instead of running their own rigs. Those services, however, carry counterparty, regulatory and operational risks that differ materially from SEC-registered fund exposure, and advertised returns are not guaranteed. The more consequential signal remains the direction of regulated flows: as long as spot XRP ETFs keep recording net additions, the institutional bid provides a structural support that was largely absent in earlier cycles.

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.5265 resistance at 77/100 (strong), driven by the confluence of a flipped support-to-resistance level and the Fibonacci 0.236 retracement. The $1.4255 support scores 75/100, underpinned by the Fibonacci 0.382 retracement and the LVN node. XRP trades at $1.4794 (up 6.07%), with RSI at 85.83 and a Fear & Greed reading of 71 (Greed) flagging overbought conditions. Derivatives data shows funding of 0.0089%, open interest of $1.085 billion and a long/short ratio of 2.90 (74.3% long), signaling crowded longs and leverage-flush risk. The bullish scenario targets $1.5265 and then the $1.6999 resistance; a close below $1.4255 would invalidate the thesis, opening a slide toward $1.3512 and a developing bear market phase.