XRP climbed above $2 on Jan. 6, gaining 10% as technical indicators point toward a potential golden cross pattern on daily charts. The asset outperformed all cryptocurrencies in the top 30 by market capitalization while spot exchange-traded fund holdings surpassed $1.29 billion.
What Happened: Technical Pattern Forms
The 50-day exponential moving average approaches the 200-day exponential moving average, creating conditions for a golden cross formation that traders interpret as a bullish signal.
This technical development follows a death cross in early November 2025, when the 50-day EMA fell below the 200-day EMA and XRP dropped 30% to $1.75.
The pattern reversal suggests momentum has shifted as shorter-term price action strengthens relative to longer-term trends.
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Why It Matters: Regulatory Clarity
Ripple ended its legal battle with the U.S. Securities and Exchange Commission in 2025, agreeing to pay a $125 million fine that resolved years of uncertainty about the asset's regulatory status.
The settlement enabled institutional participation through spot ETFs and removed barriers to adoption by payment providers.
PWC, a major audit firm, recognized Ripple as an infrastructure provider for financial services, according to a post on X that described the company as facilitating fast payment networks.
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