[DigitalToday reporter Yeseul Kim] XRP has risen more than 8 percent over the past seven days, forming a short-term golden cross against bitcoin.

On July 4 (local time), blockchain outlet U.Today reported that XRP rose for four straight sessions after a July 1 low of $1.02, climbing to $1.14.

The rebound came after XRP stayed in a range between $1.00 and $1.07 for several days. It also appeared to mark a shift in the short-term trend as it moved away from a 19-month low of $1.01 recorded on June 25. On a 2-hour chart against bitcoin, the 50-day moving average moved above the 200-day moving average, forming a short-term golden cross. This could be read as a sign of reversing the bearish trend that has continued since mid-June.

A broader recovery in risk appetite also coincided with XRP’s rebound. Santiment said major cryptocurrencies were no longer just watching strength in the stock market. It said buyers were returning near key support levels after weeks of fear, ETF outflows, whale investors staying on the sidelines and weak sentiment. It added that this was linked to the broad gains in major cryptocurrencies on July 4.

On-chain indicators suggest the rise may not be just a technical rebound. XRP’s 30-day MVRV and 365-day MVRV fell to about -45 percent and -47 percent, respectively. That means both short-term and long-term holders are sitting on large unrealised losses. Santiment said that looking at the average returns for the two periods together, XRP had never recorded a lower level in more than 12 years of trading history. That implies extreme fear helped create conditions for a rebound.

Traders are also treating the heavy-loss zone as a contrarian signal. XRP has risen more than 8 percent over the past seven days, moving out of a phase of deepening losses. The original report said the current rise was foreshadowed to some extent by profitability indicators, and that average returns falling to record lows suggested a relief rally.

Market views are also forming on buy zones. The $1.00 to $1.05 range was cited as an area where bargain buying is expected to flow in. Sentiment also reached the highest FOMO zone in three months. The outlet said XRP is still trading in the $1 range, and whether the rebound turns into a trend change will depend on additional buying and on whether it can maintain relative strength against bitcoin.