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  • XRP Golden Cross Signals ETF Optimism as Shiba Inu and Dogecoin Face Bearish Pressure
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XRP Golden Cross Signals ETF Optimism as Shiba Inu and Dogecoin Face Bearish Pressure

chainwire September 16, 2025

It’s been a strange few days for crypto, to put it mildly. While some assets are catching a decent bid, others are looking pretty shaky. XRP, for one, is showing a bit of short-term strength with a pattern that usually gets traders talking.

A Short-Term Golden Cross for XRP

On its four-hour chart, XRP’s 50-period moving average has nudged above its longer-term counterpart. That’s what’s known as a golden cross. It’s not a major signal on such a short time frame, but it does suggest some recent buying interest. This comes just a few weeks after it flashed the opposite pattern—a death cross. Markets can change direction fast, I guess.

The optimism seems tied to a couple of things. There’s growing chatter about exchange-traded funds, or ETFs. In Canada, a fund called the XRPQ ETF just hit a new high in assets under management, crossing 150 million Canadian dollars. It’s now the biggest of its kind there. And then there’s Osprey Funds, which is reportedly working on its own crypto ETF suite that includes an XRP product. That’s probably giving holders a bit of hope.

Shiba Inu’s Concerning Data

But it’s not all positive across the board. Shiba Inu is presenting a different picture entirely. On-chain data is pointing to something that often worries investors: a huge drop in exchange netflows. We’re talking a collapse of over 70%.

What does that mean? Well, it suggests that fewer SHIB tokens are being moved off exchanges into private wallets. When that happens, it often means people are leaving their holdings on trading platforms, maybe ready to sell if the mood strikes. It’s not a great sign for continued price support. It kinda implies that recent buyers might be getting nervous, or at least aren’t committed to holding long-term.

Dogecoin’s Rough Patch

And then there’s Dogecoin. It’s having a tough time, down more than 9% in the last 24 hours. That’s a big move for any asset. With that drop, DOGE is now flirting with what’s called a death cross, where a shorter-term average slips below a longer-term one.

It tried to push past the $0.30 mark but got smacked down pretty hard. The selling volume on that rejection was notable—it wasn’t just a light touch. It felt like a real “no thanks” from the market. That failure, combined with the moving averages lining up bearishly, has people thinking there might be more downside to come.

So there you have it. One coin seeing a bit of a lift from ETF hopes, while two meme favorites are showing signs that make traders cautious. It’s a mixed bag, which is pretty much what you’d expect from crypto.

chainwire

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Recent Posts

  • Pulse DePIN health wearable shuts down, transitions users to OEM partner
  • Hong Kong grants first stablecoin licenses to HSBC and Standard Chartered consortium
  • Sui Foundation invests in cross-chain DeFi protocol Splyce Finance
  • XRP trades at $1.34 as on-chain activity declines, ETFs see outflows

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