XRP Eyes 9.69% Golden Cross; Binance Burns $1.29B BNB as Mow Predicts Decade-Long Bitcoin Bull Run
XRP is forming a short-term golden cross as the 23-day moving average crosses the 50-day, presenting a 9.69% upside window toward the 200-day resistance at $2.32. Traders eye a breakout to $2.70 if $2.32 is cleared. Binance completed its quarterly burn, sending 1.372 million BNB (~$1.29 billion) to a dead address; Arkham data shows 12.9 million BNB (~$9.2 billion at current prices) have been burned historically, tightening circulating supply. BNB trades near $940 with heavy 24-hour volume, and post-burn accumulation could target a $1,000 retest if bulls defend ~$920. Bitcoin is trading above $96,000 (+6% weekly) and pushing toward $100,000. Samson Mow reiterated a long-term bullish thesis, forecasting a decade-long bull run driven by post-halving supply shocks and increased demand from institutional/sovereign buyers, with upside targets including $107,000 and the prior ATH near $126,198. Market outlook: XRP breakout hinge at $2.32; BNB accumulation and supply-tightening merit monitoring; BTC faces short-term volatility at $100K but structural momentum favors further upside. Key keywords: XRP golden cross, BNB burn, Binance quarterly burn, Bitcoin bull run, Samson Mow, BTC $100K.
Bullish
The combined news carries a net bullish implication. XRP’s 23/50-day golden cross with a clear upside target to the 200-day MA is a classic technical setup that often precedes short-term rallies; a breakout above $2.32 would likely trigger momentum buying and tactical swing entries. Binance’s large quarterly BNB burn materially reduces circulating supply — recurring, verifiable token burns have historically supported price appreciation for deflationary tokens (examples: BNB past burn cycles, certain token buyback-and-burn programs). The burn, paired with sustained on-chain volume, increases the probability of post-burn accumulation and a potential retest of $1,000 if bulls defend support near $920. Samson Mow’s decade-long bull run narrative reinforces a longer-term bullish sentiment: public endorsements from prominent proponents can attract capital rotation from macro and institutional investors (similar to price inflection periods after ETF approvals and halving expectations). Short-term risks remain — $100K for BTC is both a magnet and a volatility node where stop hunts and rapid pullbacks are possible — but structural factors (ETF flows, reduced supplies, macro positioning) favor upside. Therefore, traders should expect increased volatility but a bias toward higher prices: trade setups include breakout entries above key resistances (XRP $2.32, BTC $100K) and watching BNB accumulation post-burn. Monitor liquidity, order book depth, and macro headlines for potential rapid reversals.