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XRP on the Brink of a Golden Cross as Focus Switches to Away From Bitcoin (BTC): Crypto Daily
XRP’s 50-day average is about 2% below its 200-day average, while Bitcoin dominance has slipped under 59%, traders and analysts said.
- XRP's 50-day average sits about 2% below its 200-day average, nearing a golden cross widely viewed by chart analysts as a bullish long-term signal.
- Historically, XRP's golden crosses have yielded mixed results; none of the 16 previous crosses lasted 12 months before termination by a death cross, a bearish moving-average arrangement.
- Traders are cautiously shifting focus toward altcoins, with UNI, NEAR, and ARB surging nearly 30% in 24 hours. Alex Kuptsikevich, chief market analyst at The FxPro, said neither the altcoin season index nor market sentiment has reached high levels.
- Bitcoin ETFs took in roughly $159 million while U.S. spot Ether ETFs recorded roughly $39 million of net outflows on Thursday. XRP ETFs lost about $5 million, reversing a small inflow the previous day.
- Iran has spent this year charging tankers between $1 million and $2 million to cross the Strait of Hormuz, with Treasury officials reporting that since June, part of that money moved through the Tehran-based crypto exchange BitBank.
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XRP Surges 6.9% as Bitcoin Rebound Reopens Door to Golden Cross
XRP is roaring back as Bitcoin claws its way above $800,000 again, but the charts continue to give traders mixed signals.
·New York, United States
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XRP Briefly Clears $1.40; the Golden Cross Is Still 1.9% Away
XRP briefly traded above $1.40 on Friday before easing to $1.3822 at 12:15 p.m. Eastern. That was an 8.15% intraday advance at the high and a 6.67% gain from the $1.2958 reference close in Yahoo Finance's XRP-USD feed. The price move is real. The much-discussed “golden cross” is not, at least not yet. A TS2…
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Total News Sources11
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
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100% Center
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