XRP Nears Rare Golden Cross Amid ETF Rumors

XRP is stepping into the spotlight as it inches toward a rare and potentially game-changing golden cross, a development that has sparked optimism within the broader crypto community.

The digital asset XRP, associated with Ripple Labs, is showing strong signs of upward momentum as it nears a technical milestone known as the golden cross. Defined by the 23-day moving average crossing above the 200-day moving average, this event is typically interpreted as a bullish signal across financial markets. As of the latest data, the two moving averages are extremely close, suggesting that this cross could happen at any moment. If confirmed, it would be a pivotal shift indicating that buyer sentiment is strengthening and momentum is favoring XRP.

This technical formation comes at a time when XRP is holding firm around the $2.90 level, after recently touching $3.06. The token remains above all its major moving averages, a sign of ongoing resilience. Although the golden cross is expected to take shape just above the $2.37 threshold, XRP’s ability to maintain levels far above this mark adds to the bullish narrative. It suggests a potential foundation for further gains should broader market sentiment remain favorable.

Fueling the excitement around XRP is speculation about a possible upcoming announcement regarding a U.S.-based XRP exchange-traded fund (ETF). Market observers are anticipating a potential product debut as early as July 18, although no official confirmation has been provided. Nevertheless, even the hint of such a development is bringing enthusiasm to traders and investors who understand the impact an ETF could have in terms of accessibility and institutional involvement.

While XRP commands market attention, notable events are unfolding in the broader crypto ecosystem. A Shiba Inu (SHIB) whale has drawn attention by accumulating an unprecedented 410 trillion SHIB tokens, which equates to roughly 41.04% of the token’s total circulating supply. On-chain analytics have identified this single wallet as the dominant holder within the Shiba Inu network, which comprises approximately 1.46 million active addresses. The sheer scale of this concentration raises eyebrows in the community, as market influence driven by a solitary participant can introduce significant volatility or spark concerns about decentralization.

The impact of such whale holdings is not merely theoretical. In the case of SHIB, large transactions frequently lead to price swings that reverberate across the market. The identity behind this major wallet remains elusive, but its presence could continue to shape the token’s market dynamics for the foreseeable future.

Meanwhile, Bitcoin has exhibited heightened volatility, triggered by substantial selling activity from a whale who has held the cryptocurrency since its early days. Recent movements saw Bitcoin reach a low of $116,218—a notable dip attributed to large transfers believed to originate from a wallet linked to the Satoshi era. According to the analytics platform Lookonchain, one of the largest holders—reputed to own over 80,000 BTC—moved 9,000 BTC (worth more than $1 billion) to Galaxy Digital. This transition was swiftly followed by another sizable transfer of nearly 7,843 BTC.

These developments sent ripples through the market. In a rare move, a major participant reportedly reversed a long Bitcoin position and took a short stance, highlighting the sudden shift in sentiment caused by the whale’s actions. Galaxy Digital has since deposited significant portions of the coins into exchanges such as Binance and Bybit, further pressuring prices as liquidity surged unexpectedly.

Returning focus to XRP, the growing anticipation around the golden cross, supported by stable trading levels and ETF chatter, positions the token for potential acceleration. Should the golden cross confirm in the days ahead, particularly in conjunction with any ETF-related announcement, XRP could enter a fresh cycle of optimism and investor activity.

For market participants, these developments make XRP a key asset to watch closely. With strong technical indicators lining up and market sentiment appearing skewed to the upside, all eyes are now on whether XRP can leverage these signals into sustained momentum.

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