XRP posts double golden cross as rally lifts weekly gains to 45%

XRP completed double golden crosses against Bitcoin on the 2-hour and 3-hour charts as a sharp rally drove the token 45% higher over the week. Its 50 moving average moved above the 200 moving average on both timeframes, and XRP also cleared the daily 50 and 200 moving averages on the XRP/BTC chart, overcoming barriers that had constrained it since January. On the U.S. dollar chart, XRP rose nearly 27% from $1.34 to $1.699 on Saturday before retreating. It was later up 4.45% over 24 hours at $1.43. The rally followed Treasury intervention in the bond market, a subsequent short squeeze, and a White House and crypto-industry push to advance the Clarity Act in the coming weeks. Record activity in XRP spot ETFs and the busiest quarter-to-date on-chain trading day also supported sentiment. Ripple is backing a new institutional credit fund that will lend RLUSD stablecoin (a crypto token designed to maintain a stable value) to fintech and payments companies on the XRP Ledger, alongside Clearpool and Cicada Partners. A decisive move above $1.70 could put $2 in focus.

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