Key Highlights
- XRP surged approximately 7% to reach $1.41 with spot trading volume exploding to $1.36B within 24 hours
- Short positions totaling $8.05M were liquidated during a squeeze as Bitcoin reclaimed $80,000
- A golden cross pattern is forming, with the 50-day MA trailing the 200-day MA by just 2%
- Institutional interest remains strong with US spot XRP ETF inflows exceeding $1.7B
- Technical analyst Ali Charts projects a potential 35% surge to $2 if XRP clears $1.55 resistance
XRP price experienced a notable weekend rally, advancing approximately 7% to settle at $1.41. Trading activity intensified dramatically, with spot market volume reaching $1.36 billion across a 24-hour period—representing a nearly 90% single-day increase.
The upward momentum was primarily driven by a significant short squeeze event. Approximately $8.05 million worth of short positions faced liquidation as Bitcoin successfully pushed beyond the $80,000 threshold, creating upward pressure across the altcoin market.
Long positions weren’t completely spared, experiencing roughly $2.36 million in liquidations. The broader cryptocurrency market witnessed approximately $300 million in total liquidations as Bitcoin climbed past $81,000.
XRP futures contracts generated $5.71 billion in volume—exceeding spot volume by more than four times. When derivatives markets demonstrate such significant dominance over spot trading, rallies often face reversal risk once leveraged positions unwind.
This weekend’s price action occurred in the absence of significant fundamental catalysts. XRP had previously declined toward the $1.23–$1.30 range during early September following the Senate’s 49-50 failed cloture vote on the CLARITY Act.
Chart Patterns and Price Projections
Technical analyst Ali Charts (@alicharts) shared analysis indicating XRP may be developing an inverse head-and-shoulders formation on daily timeframes. His focus remains on price action near the neckline positioned around $1.55. According to his analysis, a confirmed breakout above this resistance level could spark a 35% advance toward the $2 price target.
XRP is simultaneously approaching a golden cross formation. The 50-day moving average currently trades approximately 2% beneath the 200-day moving average—marking the narrowest separation since August 2024.
Golden crosses occur when the 50-day MA climbs above the 200-day MA and typically signal bullish long-term momentum. Worth noting, however, is that all 16 of XRP’s historical golden crosses eventually transitioned to death crosses within a 12-month timeframe.
XRP nears golden cross as bitcoin dominance slides to 59%
XRP’s 50-day moving average sits roughly 2% below its 200-day average, the closest point since August 2024. A golden cross—when the 50-day crosses above the 200-day—is considered a bullish signal, though XRP’s track… pic.twitter.com/ErVIjeiOrr
— NewsTongue (@NewsTongueX) September 18, 2026
Among the ten crosses that maintained duration, five delivered returns ranging from 85% to over 1,000%.
Institutional Flows, Large Holder Movements and Market Updates
US spot XRP exchange-traded funds have accumulated more than $1.7 billion in total net inflows. This represents the most compelling evidence of institutional participation in the current market environment.
Meanwhile, approximately 1.6 billion XRP tokens transferred into Binance from whale-sized wallets throughout the past 30 days, reaching a six-month peak. CryptoQuant analysts suggested this activity might indicate portfolio rebalancing rather than outright selling—though Binance reserve levels have climbed to a 69-day high.
Bitcoin’s dominance metric declined below 59%, marking a one-month low. Capital has been rotating into alternative cryptocurrencies, with tokens including UNI, NEAR, and ARB posting approximately 30% gains within 24 hours.
Ripple has integrated both XRP and RLUSD into Stripe and Tempo’s artificial intelligence-powered payments infrastructure. The Moscow Exchange plans to introduce XRP perpetual futures contracts on September 22.
Following the unsuccessful CLARITY Act vote, Ripple Chief Legal Officer Stuart Alderoty commented: “Ripple and $XRP stand on settled ground.”
Critical resistance levels to monitor as the trading week begins include $1.45 and $1.50.
The post XRP (XRP) Eyes Historic Golden Cross as Price Surges 7% to $1.41 appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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