XRP rises by 6.93% and edges closer to a possible golden cross
While Bitcoin has just broken above the $80,000 threshold and capital is flowing back toward altcoins, XRP has just gained 6.93%. Behind this move, a scenario—particularly favored by investors—has taken shape. Indeed, XRP’s moving averages are converging toward a likely golden cross. This development still needs confirmation, however several technical indicators are now giving greater weight to the rebound-for-a-while hypothesis.
XRP is up 6.93% and is nearing a possible golden cross.
The 50- and 200-day EMAs are converging, with a potential cross in mid-October.
Technical indicators remain favorable, with an ADX of 35.2 and an RSI of 54.6.
Bitcoin dominance is falling from 64% to 59%, supporting a rotation toward altcoins.
The $1.38 zone remains crucial in confirming—or weakening—the rebound.
XRP is approaching a golden cross on the daily chart
XRP started the session at $1.2964, before reaching $1.4028 at the high and then dropping to around $1.3863. This 6.93% increase places the token among the assets that have posted some of the most notable moves in recent weeks.
The trend of the exponential moving averages has been the most closely watched point. In this regard, it is important to note that the 50-day EMA is still evolving below the 200-day EMA, keeping XRP in a “death cross” setup.
The key levels identified summarize the current configuration:
$1.2964: XRP’s opening level;
$1.4028: the session high;
$1.3863: the level around which the token was trading;
Mid-October: the period in which a daily golden cross could appear if the current momentum holds.
$XRP
$SUI
$MOVR
#xrp
While Bitcoin has just broken above the $80,000 threshold and capital is flowing back toward altcoins, XRP has just gained 6.93%. Behind this move, a scenario—particularly favored by investors—has taken shape. Indeed, XRP’s moving averages are converging toward a likely golden cross. This development still needs confirmation, however several technical indicators are now giving greater weight to the rebound-for-a-while hypothesis.
XRP is up 6.93% and is nearing a possible golden cross.
The 50- and 200-day EMAs are converging, with a potential cross in mid-October.
Technical indicators remain favorable, with an ADX of 35.2 and an RSI of 54.6.
Bitcoin dominance is falling from 64% to 59%, supporting a rotation toward altcoins.
The $1.38 zone remains crucial in confirming—or weakening—the rebound.
XRP is approaching a golden cross on the daily chart
XRP started the session at $1.2964, before reaching $1.4028 at the high and then dropping to around $1.3863. This 6.93% increase places the token among the assets that have posted some of the most notable moves in recent weeks.
The trend of the exponential moving averages has been the most closely watched point. In this regard, it is important to note that the 50-day EMA is still evolving below the 200-day EMA, keeping XRP in a “death cross” setup.
The key levels identified summarize the current configuration:
$1.2964: XRP’s opening level;
$1.4028: the session high;
$1.3863: the level around which the token was trading;
Mid-October: the period in which a daily golden cross could appear if the current momentum holds.
$XRP
$SUI
$MOVR
#xrp
