XRP's daily candle closed above both its 50-day and 200-day EMAs for the first time since a death cross formed on its chart earlier this month. The token jumped as much as 14.21% in 24 hours to $1.40, making it the best-performing top-10 cryptocurrency, alongside a Ripple-backed XRP Ledger amendment vote and rising ETF inflows.
XRP jumped as much as 14.21% in 24 hours to $1.40, making it the best-performing asset among the top 10 cryptocurrencies by market cap. The move pushed the daily candle to close above both the 50-day and 200-day exponential moving averages for the first time since XRP's death cross locked in earlier this month.
XRP closes above both moving averages
A death cross forms when the 50-day EMA slips below the 200-day EMA, a pattern traders read as a bearish momentum signal. Since it formed on XRP's chart, every bounce attempt had stalled at or just below that cloud — until Friday's candle closed above it entirely.
That is not the same as the death cross reversing: the 50-day average still sits below the 200-day one. But price reclaiming the space above both averages is usually the first move that has to happen before the averages themselves cross back. The Relative Strength Index sits at 83.5, deep overbought territory, while the Average Directional Index reads 32.4, above the 25 level traders use to confirm a real trend.
The rally caps a volatile stretch. XRP rebounded from the $1.00 support level with a 40% surge to $1.40, and Ripple whales scooped up almost 400 million tokens in an accumulation spree over the past week.
Ripple backs a validator vote on the XRP Ledger
Alongside the price move, Ripple voted to support the PermissionDelegationV1_1 amendment, part of the XRP Ledger's version 3.3.0 upgrade. Seven of the network's 35 trusted validators back the proposal so far, and it needs support from more than 80% of validators for two continuous weeks to activate.
The amendment would let an XRP Ledger account authorize a second account to carry out selected transaction types without transferring full signing authority. RippleX head of product Jazzi Cooper tied the feature to institutional needs, saying: According to crypto.news: "Tokens are the pre-requisite for on-chain utility".
ETF inflows and futures positioning climb
U.S. spot XRP ETFs pulled in $13.24 million in net inflows on Thursday, led by Bitwise's fund at $9.9 million and Franklin Templeton's product at $3.34 million. Total XRP futures open interest reached $3.44 billion, up more than 17% in 24 hours, with CME-listed contracts climbing over 35% in the same window.
Bitcoin, which XRP usually trails, has yet to close above its own death cross — leaving XRP out ahead of the coin it typically follows. Traders are watching resistance at $1.43 and then $1.60, with support at $1.34 and a deeper floor near $0.9862.
Sources: Decrypt, crypto.news, CryptoPotato
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