XRP Surges 6.9% as Bitcoin Rebound Reopens Door to Golden Cross

XRP posted one of its largest single-day moves in weeks, climbing 6.93% after opening at $1.2964 and reaching $1.4028 before settling near $1.3863. The jump comes as traders rotate capital into altcoins following Bitcoin’s recovery above $80,000, which reduced Bitcoin dominance from about 64% to 59% and helped lift smaller tokens. Beneath the price action, XRP's daily moving averages show a notable shift: the 50-day EMA remains below the 200-day EMA (a 'death cross' configuration) but the gap between them has tightened to its smallest since August 2024. If gains continue at the current rate, technical models indicate the shorter-term average could cross above the longer-term one—a 'golden cross'—as early as mid-October on the daily chart. Shorter timeframes give a mixed signal. On the 4-hour chart the EMAs already crossed into a golden cross on August 21, yet that gap has been narrowing rather than expanding, which some traders view as a warning that the shorter-term breakout lacks follow-through. Analysts note that a failed confirmation on shorter intervals does not guarantee the same outcome on daily charts, and timeframes are often assessed independently. Other daily indicators look more constructive: the ADX reads 35.2, above the 25 threshold traders use to separate trend strength from chop, with the positive directional line above the negative, indicating tentative trend strength to the upside. The RSI sits at 54.6, in neutral territory after the near-7% rise, and the Squeeze Momentum Indicator has been 'on' for 11 bars, suggesting compressed volatility that could precede a larger move. Market watchers will be tracking whether Bitcoin’s rebound sustains the altcoin rotation and whether XRP’s 50-day EMA can cross and hold above the 200-day EMA; failure to sustain the current $1.38 area would increase the chance the move fizzles before any daily golden cross confirms.