Crypto
Ripple's Golden Cross Nears as Bitcoin Dominance Cracks
XRP (XRP) is edging closer to a golden cross, a bullish chart signal that has analysts anticipating a potential medium-term uptrend. The token's 50-day average now sits about 2% below its 200-day average, the tightest gap since August 2024.
The drop in Bitcoin's dominance to under 59%, a one-month low, is also contributing to XRP's rise. Several altcoins have gained nearly 30% in a day, including Uniswap (UNI), NEAR Protocol (NEAR), and Arbitrum (ARB).
However, history suggests caution for XRP investors. None of the token's 16 previous golden crosses lasted a full year before reversing, and five of those crosses ended in losses as high as 32%.