XRP Leads Crypto Rally as Market Moves Above Key Level

XRP is taking the lead in a broader upswing in the crypto market, as an increasing number of major tokens are trading above their 200-day moving averages – a sign traders often associate with bullish momentum.

According to fresh data, at least six of the ten largest cryptocurrencies by market capitalization—excluding stablecoins—are currently holding above their 200-day simple moving averages (SMA). This trend is being viewed as a strong indicator of renewed optimism in the sector.

The 200-day SMA is commonly used by both retail and institutional investors, including insights from Coinbase, as a benchmark for long-term market direction. When tokens manage to stay above this average, it’s widely interpreted as a signal of sustained upward trend potential and continued investor confidence.

As of mid-May 2025, popular assets such as XRP, BTC, BNB, ADA, TRX, and SUI are all comfortably trading above this key moving average. On the other hand, coins like ETH, SOL, DOGE, and LINK are still lagging behind, currently positioned below the 200-day SMA, according to latest data from TradingView.

What makes this moment particularly significant is the rapid shift in market conditions within just a few weeks. Back in late April, only XRP, BTC, and TRX had broken above the 200-day threshold. A month prior, just XRP and TRX were trading above it. The growing list of altcoins surpassing this level underscores a broader market recovery and an increasingly bullish crypto landscape.

For Ripple’s XRP, this positioning is a continuation of its steady performance during more volatile periods, reinforcing its status as a key bellwether in the crypto space. As more investors turn their attention to altcoins signaling strength, XRP appears well-positioned to benefit from the expanding bullish sentiment.

This uptick in market breadth—the number of tokens participating in the rally—suggests that investor confidence is not confined solely to Bitcoin, but is extending into other major assets. As broader participation increases, it builds a more resilient foundation for a sustained upward cycle in the digital asset market.

Related: Expert Advice: Sell XRP If You’re Confused

Overall, the positive momentum appearing across a growing list of cryptocurrencies hints that the market may be entering a new phase of accumulation and growth, rather than remaining in the stagnant or declining trends seen earlier in the year.