XRP Creates New Golden Cross, What to Watch Now

According to a recent report by the Financial Times, the Coinbase exchange is at risk of losing its dominance due to the White House's enthusiasm for crypto, which has enabled "mounting competition."

Bitwise's Ryan Rasmussen has told the FT that the US exchange giant might be losing its head start.

Coinbase's stock stumbles 

You would not be able to tell this based on Coinbase's stock performance. In July, as reported by U.Today, the company's shares hit a new record high for the first time since its initial public offering in 2021.

The stock has suffered a roughly 33% correction since the all-time peak of $444. That said, it is still up by 25% since the start of the year, and up 178% from its 2024 low.

The stock is under some pressure due to underwhelming earnings recorded during the second quarter of the year. 

Growing competition 

Intense competition, which is possible because of new crypto-friendly US rules, poses an acute challenge to Coinbase, according to various analysts. 

On top of facing increasing rivalry in the trading sector from Asian exchanges, Coinbase's custodian business is also being threatened by traditional finance players of the likes of BNY Mellon. 

That said, some industry participants believe that more competition will actually be a positive development since having just one major custodian would be risky. 

The validity of XRP’s breakout is questioned due to its recent price action. Expectations of a confirmed uptrend were sparked when XRP momentarily crossed above the descending resistance line on the daily chart, which was located around $3.10. Many traders questioned whether this was a real breakout or a bull trap, because the rally was short-lived and the price had already fallen back below $3.08.

Price analysis

Despite its efforts to overcome resistance, the structure indicates that XRP is still vulnerable. The $3.00-$3.10 range is turning out to be a crucial area of conflict. A persistent close above $3.10 might pave the way for a retest of the annual highs and open the way toward $3.40. Conversely, if this area is not regained, support levels at the orange EMA line ($2.81) and the 200-day moving average ($2.50) would once again be relevant. Since the RSI is close to neutral, it appears that momentum is not clearly in favor of bulls. Chart by TradingView">

This uncertainty is increased by on-chain data. Between Sept. 12 and two days later, the number of transactions executed fell precipitously from over 11.7 million to much lower levels. A bearish indication that casts doubt on the bullish breakout story, this decline indicates waning activity on XRP Ledger. Strong rallies are usually followed by high activity, so declining transactions during a breakout attempt indicate weakened network participant conviction.

XRP movement scenarios

• Bullish scenario: The asset may confirm the breakout and move toward $3.40 and higher if XRP swiftly recovers $3.10 and closes above it with increasing volume. This move would require a spike in on-chain activity.

• Bearish scenario: As bears regain control, the breakout will be verified as fraudulent if XRP is unable to recover $3.10. It’s likely that the price will drop toward $2.81 or even $2.50, particularly if on-chain activity keeps dropping.

XRP is currently at a turning point. Whether the breakout materializes or fades into another failed attempt will be determined by the next few daily closes. For confirmation, traders should keep a close eye on the on-chain activity trend as well as the $3.10 resistance.

During a recent appearance on Fox Business, Cryptocurrency billionaires Tyler and Cameron Winklevoss predicted that the price of Bitcoin could potentially skyrocket to $1 million "one day."

The Winklevii are on the same page with such names as former Binance CEO Changpeng Zhao and Blockstream CEO Adam Back when it comes to their uber-bullish seven-figure prediction 

The billionaire twins argue that Bitcoin is "gold 2.0," predicting that it is going to disrupt the market cap of the precious metal. 

Early crypto adopters 

Following the Facebook drama, which resulted in a multi-million-dollar settlement with founder Mark Zuckerberg, the Winklevoss twins discovered Bitcoin all the way back in 2012. Then, they used the settlement money to make a sizable investment in Bitcoin. 

After the cryptocurrency experienced a notable price surge, they were among the first public figures to become Bitcoin billionaires.

The twins claim that they purchased BTC when it was trading at roughly $10, but they argue that it is still early. 

Notably, they also made an appearance on the show back in October 2015 when Gemini was just launched, so the exchange is now also on the verge of celebrating its 10th anniversary.

Their Bitcoin success story is colloquially known as "the revenge of the Winklevii." 

The Gemini exchange now boasts a total of $21 billion worth of assets on its platform. 

Gemini's grand IPO debut 

The exchange secured a total of $425 million with its initial public offering (IPO), which analysts have described as another win for the cryptocurrency market. 

The shares of the cryptocurrency trading platform surged sharply higher on Thursday, showing that there is still plenty of investor demand for crypto companies. 

This comes after stablecoin issuer Circle also had an extremely successful IPO. 

Other cryptocurrency trading platforms, such as Grayscale, are also going public after the U.S. government swiftly moved to embrace the industry. 

Peter Brandt, one of the most followed commodity traders, has taken note of Dogecoin's most recent breakthrough, describing it as "huge."

On Sept. 13, the whimsical meme cryptocurrency surged by more than 11% before paring some gains.

Dogecoin's bullish streak 

The latest surge came after the meme coin soared by roughly 18% over three days.

In fact, DOGE is now on track to record its fifth consecutive day in the green. 

This is on track to be Dogecoin's longest bullish streak since July. Back then, the meme token reached a local peak of $0.287. It has since plunged by roughly 34% within just 12 days to a local low $0.188 before seeing a moderate recovery. BINANCE:DOGEUSDT via TradingView">

The stock managed to eke out another green month in July and then remained in the green in August, but it was a rather close call. 

Now, September, despite being a historically bearish month for cryptocurrencies, is on track to be Dogecoin's best month of 2025 with a current gain of roughly 36%. This is on track to be Dogecoin's best month since November 2024, when it soared by more than 161%.

First Dogecoin ETF 

As reported by U.Today, the very first US-based Dogecoin ETF is on track to debut in the U.S. next week. The launch of the ETF is expected to be a powerful bullish catalyst that will finally allow DOGE to gain a footing above the $0.30 level. 

That said, it is worth noting that the structure of the REX-Osprey ETF is different from traditional spot ETFs that have to go through a lengthy approval process.

As reported by U.Today, the SEC recently delayed making a decision on Bitwise's spot Dogecoin ETF proposal, which is a rather standard procedure that market participants should not read too much into. 

TL;DR

2024/2025 Quick Recap

2025 will go down in history as one of the most eventful years in the relatively short period of cryptocurrency existence. Ripple’s native token is no exception, as it should receive a prime spot in that ranking (after all, it has become the third-largest digital asset by market cap).

The asset did what many thought was impossible just a year ago. Itskyrocketedfrom under $0.6 this time last year to a new all-time high of $3.65 marked in July 2025. As such, it finally broke its previous record, which was set in January 2018. Yet, it lost some traction in the following couple of months and has just recently reclaimed the coveted $3 resistance (which acts as support once again).

So, the question is whether it has given its all this year, or it still has some fuel in the tank for another rally, this time to and beyond $5. Let’s examine what ChatGPT, Gemini, and Grok had to say about this.The Bull Case

OpenAI’s solution started with its bullish case, which envisions a price pump to the aforementioned target and even slightly above it, should the asset reclaim the $3.40 – $3.50 resistance. That’s from a technical standpoint. News propellers that could send XRP flying would be the potential approval of spot Ripple ETFs in the US.

Although the regulator responsible for approving or denying these filings continues todelaymaking a decision, the overall odds, according to experts and Polymarket, are above 90% for this year. If greenlighted, the XRP ETFs can help legitimize the underlying token and enhance its institutional adoption, said ChatGPT.

Grok listed the following factors that could help XRP achieve the $5 goal, some of which were identical to the ones from its OpenAI rival:

• Regulatory clarity, especially regarding SEC-ETF decisions, could be a catalyst.

• Ripple’s continued expansion in cross-border payments and banking partnerships.

• Institutional investment inflows and potential ETF approvals.

• Technical signals like breaking resistance levels around $3.09 to $3.60.

• Introduction of other products like Ripple’s RLUSD stablecoin.

Gemini was a bit more conservative, indicating that such a 65% surge to $5 in the next three and a half months would require a combination of factors, including significant fresh capital and several positive catalysts to occur.Not-So-Bullish Case

ChatGPT warned that XRP might have given everything it had in 2025 and listed potential drawbacks that could hinder its growth potential.

• Weak On-Chain Metrics: XRP Ledger’s DeFi activity remains muted, with TVL under $100 million and trading volumes sharply down since mid-summer.

• Exchange Reserves Rising: Binance’s XRP holdings recently hit a record, signaling possible sell pressure if markets turn risk-off.

• Macro Environment: If global liquidity tightens or Bitcoin consolidates, XRP could stay range-bound between $2.70 and $3.20 for the rest of 2025.

Gemini added that longer periods of correction and consolidation are rather natural after such explosive rallies, like the one XRP experienced from November 2024 to July 2025 (with small deviations).

“XRP’s smashing through $5 in 2025 is seen as an achievable but optimistic scenario by several experts, with the more conservative outlooks pointing to prices below $4 for most of the year,” concluded Grok.