XRP golden cross emerges as network activity slumps to yearly lows

XRP price holds in tight range as support levels defended

Market participants have kept a close eye on XRP, as the cryptocurrency held a largely sideways pattern in recent sessions. At present, traders are monitoring whether the quiet trading activity could lead to a breakout, with the daily 50-day moving average (MA 50) at $1.16 seen as an initial target level. A push above $1.16 could attract more attention toward the daily 200-day moving average (MA 200) near $1.45.

Analysts noted that a move above $1.40 would serve as a more convincing signal of a possible breakout from XRP’s wider trading range. In recent days, buyers have frequently shown a willingness to defend support levels in the $1.00–$1.05 zone. These defense actions signal that traders remain cautious but to further dips.

Golden cross forms amid weak XRP Ledger activity

On the technical front, XRP displayed a golden cross on the four-hour chart, with the 50-period moving average climbing above the 200-period moving average. This formation drew attention as a potential bullish signal, particularly as the token continues to lack fundamental catalysts.

Despite the appearance of this bullish technical pattern, on-chain activity on the XRP Ledger fell sharply. Blockchain analytics platform Santiment reported that the network recorded just 25,350 active wallets in the recent session, marking the second-lowest daily count in 2026. In addition, new wallet creation totaled only 2,130, the lowest number since November 2024.

Mini dictionary: Santiment is a blockchain analytics company providing on-chain and social data analytics for cryptocurrencies, including activity levels, sentiment, and key wallet metrics.

Santiment observed that while late June experienced a surge in dip-buying activity, traders now appeared to be turning cautious, waiting for a significant development before making further large-scale purchases. The subdued activity on the XRP Ledger coincided with price action remaining below the $1.10 threshold for much of this period.

XRP’s golden cross on lower timeframes has attracted trader interest, but analysts remain watchful for a decisive catalyst, noting that network activity and new wallet creation are both running at multi-year lows.

The broader XRP community is now watching key price levels and monitoring on-chain trends for signs that current sideways trading could give way to a pronounced breakout in either direction. Until a new catalyst emerges, volatility may stay subdued and range-bound trading is likely to persist.