XRP has spent weeks consolidating in a narrow range while much of the crypto market rallied, but the token's daily chart has just flashed a signal that preceded its last major advance.

According to an analysis published by The Market Periodical on Oct. 1, 2026, XRP has formed a golden cross — a pattern that emerges when the 50-day exponential moving average (EMA) crosses above the 200-day average. The last time XRP printed this formation, in November 2024, it was followed by a parabolic move. The report also cites strong inflows into spot XRP exchange-traded funds (ETFs) and steady growth in Ripple's RLUSD stablecoin as fundamental tailwinds.

Sideways Price Action, Improving Technicals

The daily chart shows XRP has moved sideways since August, trading within a narrow band between support at $1.2522 and resistance at $1.6565 — below the monthly high of $1.70 set in August. In September, the token underperformed the broader crypto market, remaining range-bound even as assets such as Quant, Near Protocol, Midnight, and Raydium posted triple-digit gains.

Despite the muted price action, the analysis points to encouraging technical readings. In addition to the golden cross, XRP has held above the Supertrend indicator, which the report interprets as a sign that the bulls have prevailed. The Relative Strength Index (RSI) and the MACD have also continued rising through the month. Golden crosses are among the most closely followed trend signals in technical analysis, but because they are calculated from past price data, they are inherently lagging and have a track record of producing false signals while an asset remains range-bound — a caveat worth weighing given XRP's months-long consolidation.

The chart is also tracing a falling wedge, a formation built from two descending, converging trendlines. According to the report, these setups suggest a strong bullish breakout could unfold in the coming weeks. If that occurs, the initial target is the August high of $1.70; a sustained move above that level could open the path toward the psychological threshold of $2.00.

ETF Inflows Point to Rising Demand

Spot XRP ETFs attracted more than $121 million in inflows in September, a figure the report cites as evidence that American investors are accumulating the token. Such funds hold XRP directly and trade on US exchanges, giving investors regulated exposure to the token without needing to custody it themselves.

Per SoSoValue data, Bitwise's XRP fund leads the group with over $615 million in assets, followed by Franklin Templeton's XRPZ with more than $437 million and Canary's XRPC with $372 million. Since their approval last year, the ETFs have recorded only one month of net outflows — March, when users redeemed more than $31 million worth of coins. Cumulative inflows now exceed $1.79 billion.

The report frames the sustained demand as a sign that interest from institutional and retail investors is building, placing the token in the accumulation phase of Wyckoff Theory — a stage typically followed by a markup.

RLUSD Supply Continues to Climb

XRP may also draw support from developments in the stablecoin sector. DeFi Llama data show that the supply of Ripple USD (RLUSD), Ripple's dollar-backed stablecoin, has continued to climb this month and now exceeds $2 billion in assets, with the token gradually gaining market share this year. Notably, the amount of RLUSD locked on the XRP Ledger is closing the gap with the amount locked on Ethereum. Stablecoins of this kind are designed to track the value of the US dollar and are widely used for trading, payments, and on-chain settlement, which is why their circulating supply is often treated as a gauge of real-world adoption.

The report argues these metrics matter because a growing XRP Ledger would generate more revenue, part of which can be used to burn XRP tokens.

Two macro factors could also support XRP in October, per the analysis: the possibility that the Federal Reserve holds interest rates steady as inflation softens, and the potential for a deal between the United States and Iran, which the report says would be supportive for XRP and other tokens.

Outlook

In sum, the report identifies a combination of firm technical signals — including the newly formed golden cross and the token's position in the Wyckoff accumulation phase — alongside improving fundamentals led by rising ETF inflows.

This article is for informational purposes only and does not constitute financial or investment advice. Technical patterns and market projections do not guarantee future price performance.