bullish

Bitcoin

Long

<p style="text-align: justify">XRP, the cryptocurrency developed by <a href="https://en.coin-turk.com/discover-what-lark-davis-predicts-for-xrp-coin-today/" rel="noopener noreferrer nofollow">Ripple</a> for fast and cost-efficient cross-border payments, climbed 7% over the weekend to reach $1.41. Spot trading volume surged to $1.36 billion within 24 hours, marking an almost 90% increase in daily activity.</p>
<h2 id="short-squeeze-triggers-rally">Short squeeze triggers rally</h2>
<p style="text-align: justify">The upward move followed a significant short squeeze. Data revealed that nearly $8.05 million worth of short XRP positions were liquidated as <a href="https://en.coin-turk.com/european-central-bank-challenges-bitcoins-investment-viability/" rel="noopener noreferrer nofollow">Bitcoin</a> pushed above $80,000, fueling bullish momentum across the altcoin sector.</p>
<p style="text-align: justify">Long positions were not immune, with approximately $2.36 million in liquidations. Meanwhile, the broader crypto markets saw roughly $300 million in liquidations as Bitcoin continued upward past the $81,000 mark.</p>
<p style="text-align: justify">During the same period, XRP futures contracts generated $5.71 billion in volume, more than four times higher than spot activity. When derivatives lead trading dynamics, analysts often highlight potential reversal risks if leveraged positions suddenly unwind.</p>
<p style="text-align: justify">Despite the price rally, analysts noted the absence of major fundamental catalysts. XRP had previously slipped to the $1.23–$1.30 range earlier in September, following the Senate’s narrow rejection of the CLARITY Act, which aimed to define legal parameters for digital assets.</p>
<h2 id="technical-outlook-and-resistance-levels">Technical outlook and resistance levels</h2>
<p style="text-align: justify">Technical analyst Ali Charts stated XRP may be forming an inverse head-and-shoulders pattern on daily charts. He identified the neckline near $1.55 as the key resistance. According to his analysis, a confirmed breakout above this level could drive a 35% surge toward $2.</p>
<blockquote>
 <p>XRP, currently building the right shoulder of an inverse head-and-shoulders pattern, faces a crucial test at $1.55. Should the breakout materialize above this neckline, analysts see potential for a rally toward $2.</p>
</blockquote>
<p style="text-align: justify">XRP is also nearing a golden cross on its daily chart. The 50-day moving average sits just 2% below the 200-day moving average, marking the closest convergence since August 2024. A golden cross, where the 50-day average overtakes the 200-day average, is often considered a strong bullish indicator, but past golden crosses in XRP have often preceded a reversal within a year.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Golden cross – A technical chart pattern where a short-term moving average crosses above a long-term moving average, typically considered a bullish transition signaling upward momentum.</p>
<p style="text-align: justify">Of the ten golden crosses that lasted for a meaningful period in XRP’s history, five saw gains between 85% and more than 1,000%.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Golden Crosses in XRP</th>
   <th>Return (%)</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>No significant gain</td>
   <td>5 times</td>
  </tr>
  <tr>
   <td>85% – 1,000% gain</td>
   <td>5 times</td>
  </tr>
 </tbody>
</table>
<h2 id="institutional-inflows-and-market-activity">Institutional inflows and market activity</h2>
<p style="text-align: justify">US spot exchange-traded funds (ETFs) holding XRP have attracted over $1.7 billion in net inflows, signaling robust institutional engagement in the asset class.</p>
<blockquote>
 <p>Total net inflows for US spot XRP ETFs surpassed $1.7 billion, reinforcing the appeal of the token among institutional investors during the current cycle.</p>
</blockquote>
<p style="text-align: justify">On-chain data also highlighted that about 1.6 billion XRP moved from major wallets into Binance during the last 30 days, reaching a six-month high. Analysts at CryptoQuant observed this activity may relate to portfolio realignment, rather than immediate selling, given Binance’s reserves have reached a 69-day peak.</p>
<p style="text-align: justify">Bitcoin’s share of the overall crypto market dropped below 59%, a one-month low, as capital shifted to other digital assets. Altcoins such as UNI, NEAR, and ARB all logged approximately 30% gains within the past day.</p>
<p style="text-align: justify">Ripple recently confirmed the integration of XRP and RLUSD into the AI-based payment solutions of Stripe and Tempo. Additionally, the Moscow Exchange is set to launch XRP perpetual futures contracts on September 22.</p>
<p style="text-align: justify">Ripple Chief Legal Officer Stuart Alderoty commented that both Ripple and XRP are on strong legal ground, following the failed Senate vote on the CLARITY Act.</p>
<p style="text-align: justify">Critical resistance levels as the new trading week gets underway are $1.45 and $1.50.</p>
<p>The post <a href="https://en.coin-turk.com/xrp-surges-7yuzde-to-1-41-eyes-golden-cross-as-spot-etf-inflows-top-1-7-billion/" rel="noopener noreferrer nofollow">XRP surges 7% to $1.41, eyes golden cross as spot ETF inflows top $1.7 billion</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

XRP surges 7% to $1.41, eyes golden cross as spot ETF inflows top $1.7 billion

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