XRP News Today: XRP's Golden Cross Gains Clash with Long-Term Holder Exodus

XRP's recent price action has drawn renewed attention as the cryptocurrency confirmed an hourly golden cross, a technical indicator often viewed as a bullish signal. The crossover occurred when XRP's short-term moving average (MA) crossed above its long-term MA, a pattern typically associated with potential upward momentum. This development coincided with a broader rebound in the altcoin market, with XRP's price surging 7.05% to $2.20 within 24 hours, outpacing the broader crypto market's 1.97% gain. The move followed the launch of two U.S. spot XRP ETFs-Grayscale's GXRP and Franklin Templeton's fund-which attracted $164 million in net inflows on their debut. These ETFs have added liquidity to the market, with daily trading volume for XRP jumping 53.9% to $6.3 billion, signaling increased institutional and retail participation.

The golden cross, though typically analyzed using 50/200-period MAs, was observed on the hourly chart using shorter 9/26-period MAs, a common approach for capturing short-term reversals. Analysts have set a near-term price target of $3 for XRP, contingent on maintaining support above $2.20. The XRP Relative Strength Index (RSI) at 56.06 suggests the asset is not overbought, leaving room for further gains without immediate exhaustion. However, on-chain data reveals a mixed picture: while short-term holders have been accumulating, long-term holders have increased selling, offloading 84 million XRP by November 25-a 56% jump from the previous week. This shift raises concerns about potential profit-taking and a loss of conviction among long-term investors, particularly as the NUPL (Net Unrealized Profit/Loss) indicator for long-term holders approaches the "belief–denial" zone, historically associated with local tops.

Shiba Inu (SHIB) also made headlines with a massive 1.36 trillion SHIB volume spike as the token attempted to reverse its November decline. This surge, occurring near critical support levels, is seen as a sign of accumulation by strong hands, contrasting with capitulation from weak holders. The volume spike overshadowed prior bearish trends, with analysts noting that such aggressive flush-and-absorption events often precede pivots in price direction. Despite this, SHIB remains in a defensive position, with its price struggling to break above $0.0000080, a level that had previously acted as a floor during the October sell-off.

Bitcoin, meanwhile, faces bearish signals as veteran trader Peter Brandt identified a "dead cat" pattern in its recent five-wave correction from $120,000 to the low $80,000s. The price has consolidated in the $88,000–$92,000 range, a zone that has proven difficult to break for days. Market data supports this bearish outlook, with thinning liquidity, widening bid-ask spreads, and erratic ETF flows. BlackRock's IBIT, for instance, has seen multiple net-outflow sessions, while smaller ETFs have shown mixed performance. The broader market's cautious stance is further underscored by the contrast between XRP and Solana (SOL) ETFs: while XRP's products have outpaced their Solana counterparts in inflows, the latter's ETFs have seen $156 million in weekly outflows, reflecting concerns over technical challenges and regulatory risks.

The crypto market's outlook remains tied to macroeconomic factors, particularly the Federal Reserve's upcoming interest rate decision. With a 70% probability of a December rate cut, investors are weighing the potential for liquidity to flow back into risk assets. However, any rally is expected to be selective, favoring altcoins with strong institutional backing and regulatory clarity. XRP's ETF-driven inflows and technical momentum position it as a key contender, but sustaining gains above $2.20 will be critical to avoid a correction.