XRP Surges 6.9% as Golden Cross Nears
XRP rose 6.93% to about $1.3863 after reaching an intraday high of $1.4028, marking one of its strongest daily gains in weeks. The rally came as Bitcoin recovered above $80,000 and Bitcoin dominance fell from 64% to 59%, suggesting that traders were rotating capital into altcoins.
XRP’s daily 50-day exponential moving average remains below its 200-day EMA, keeping the market in a death-cross structure. However, the gap has narrowed to its smallest level since the previous golden cross in August 2024. If current momentum continues, XRP could form a daily golden cross as early as mid-October.
Technical indicators are broadly supportive. The ADX stands at 35.2, above the 25 threshold that indicates a meaningful trend, while the positive directional indicator remains above the negative indicator. XRP’s RSI is 54.6, suggesting neutral momentum without overbought conditions. Its Squeeze Momentum Indicator has remained active for 11 bars, pointing to compressed volatility and the potential for a larger move.
The setup is not confirmed. A golden cross on the four-hour chart formed on 21 August, but the moving-average gap has since narrowed. Traders will watch whether XRP holds the $1.38 support zone and whether Bitcoin’s rebound sustains broader altcoin rotation. A confirmed daily golden cross, alongside an ADX above 25, could strengthen the bullish outlook. Failure to hold $1.38 could signal that the rally is only a temporary squeeze.
Bullish
The immediate market signal is bullish because XRP posted a nearly 7% gain while Bitcoin recovered above $80,000 and capital rotated towards altcoins. XRP’s ADX above 25, DI+ above DI-, neutral RSI, and active squeeze indicator suggest that the move has trend support and has not yet become technically overbought.
A confirmed daily golden cross would likely attract momentum traders and algorithmic strategies, potentially reinforcing demand in the short term. Similar moving-average crossovers in crypto markets have often supported extended rallies when accompanied by rising volume, strong Bitcoin conditions, and sustained trend strength. However, golden crosses are lagging indicators and can produce false signals during volatile or range-bound markets.
The four-hour golden cross already failed to widen, which shows that shorter-term momentum remains fragile. XRP must hold the $1.38 area, while Bitcoin needs to maintain its recovery for altcoin rotation to continue. A break below that level or a renewed Bitcoin sell-off could turn the setup neutral or bearish. Therefore, the overall classification is bullish, but confirmation from price support and the daily moving averages is still required.