XRP rallied 14.21% in the past 24 hours and 40.06% over the past week, making it the strongest performer among the top 10 cryptocurrencies by market cap. On Friday, the token opened at $1.2681, hit an intraday high of $1.4300 and was trading near $1.40 at the time of writing, a 10.52% gain on the daily candle. The move pushed XRP back above both its 50-day and 200-day exponential moving averages for the first time since the death cross formed. That matters for traders because a death cross is usually read as bearish momentum. The 50-day line is still below the 200-day line, so the pattern has not fully reversed into a golden cross. Momentum readings are strong, but overbought: RSI sits at 83.5, ADX at 32.4, and the Squeeze Momentum Indicator has already flipped off, signaling that the breakout has fired. The rally also comes alongside Bitcoin’s short squeeze, Treasury buyback plans starting Sept. 9, a $275 million Ripple bond sale, and new SEC crypto exemption rules. Key levels now sit at $1.43, then $1.60 on the upside, with support at $1.34, the $1.0754-$1.0965 zone, and $0.9862 below.
XRP has become the standout in crypto this week, posting a 14.21% gain over the past 24 hours and a 40.06% rise over the past week. That puts the token ahead of Bitcoin’s 7.44% increase and Ethereum’s 4.50% move among the top 10 cryptocurrencies by market cap.
On Friday, XRP opened at $1.2681, climbed to an intraday high of $1.4300 and was trading near $1.40 at the time of writing. The daily candle was up 10.52%.
The bigger technical shift is that XRP closed above both its 50-day and 200-day exponential moving averages for the first time since the death cross formed. Traders read a death cross as a bearish momentum signal, and XRP had been stuck under that setup for months. The token’s rebounds had repeatedly stalled at or just below the cloud around those averages.
That said, the death cross itself has not fully reversed. The 50-day average is still below the 200-day average, so the lines have not crossed back into a golden cross. What price has done is reclaim the area above both lines, which traders often treat as the first step before the averages catch up.
The rest of the chart points to strong momentum. RSI is at 83.5, deep in overbought territory. ADX is 32.4, above the 25 level traders use to confirm a real trend, with the buy-side directional line above the sell-side one. The Squeeze Momentum Indicator has already flipped off, meaning the volatility squeeze has released and momentum is rising.
XRP’s move is not happening in isolation. Decrypt linked the rally to Bitcoin’s short squeeze, Treasury liquidity news, a $275 million Ripple bond sale and new SEC crypto exemption rules. Bitcoin itself has still not closed above its own death cross lines, which leaves XRP ahead of the coin it usually follows.
The immediate upside levels are $1.43, then $1.60 near the top of the descending channel that has capped XRP since late 2025. Support sits at $1.34, then the $1.0754-$1.0965 zone, with $0.9862 as the deeper floor. The next dates to watch are Sept. 9, when the Treasury’s larger buybacks begin, and Sept. 15, when the Senate is scheduled to revisit the Clarity Act.


This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.