While Bitcoin has just crossed back above the $80,000 threshold and capital is starting to flow again into altcoins, XRP has just gained 6.93%. Behind this increase, a scenario primarily moni
While Bitcoin has just crossed back above the $80,000 threshold and capital is starting to flow again into altcoins, XRP has just gained 6.93%. Behind this increase, a scenario primarily monitored by investors is emerging. Indeed, XRP’s moving averages are approaching a probable golden cross. This movement remains to be confirmed; however, various technical indicators now provide more weight to the hypothesis of a sustainable rebound.
XRP started the session at $1.2964 before reaching a high of $1.4028 and falling back around $1.3863. This increase of 6.93% positions the token among assets that recorded one of the most significant movements in recent weeks.
The trajectory of the exponential moving averages was the most observed point. It should be noted that the 50-day EMA still trades below the 200-day EMA, which keeps XRP in a “death cross” configuration.
Start your crypto adventure safely with KrakenThis link uses an affiliate program.However, the gap between the two curves has significantly narrowed. It is now at its lowest level since the last “golden cross” occurred in August 2024. If this dynamic continues, the 50-day EMA would cross the 200-day EMA by mid-October.
This crossover is usually interpreted as a sign that a bullish trend would establish itself over time. However, this signal remains conditional.
The key levels identified summarize the current configuration :
New technical data give this movement more substance. The Average Directional Index reaches 35.2, above the threshold of 25 used to identify a sufficiently marked trend.
Thus, the positive directional line, DI+, remains above the negative line DI-, revealing that this strength currently favors buyers. The RSI is at 54.6, a neutral zone that does not yet indicate an overbought situation despite the nearly 7% increase.
For 11 consecutive bars, the Squeeze Momentum Indicator remains activated. This configuration equates to a volatility compression likely to precede a larger price fluctuation. The associated momentum returns to positive territory, slightly reinforcing the bullish scenario.
However, this evolution is not yet secured. The technical reading still depends on multiple confirmations, including XRP’s ability to maintain its current levels and turn the moving averages’ approach into a true crossover.
The rebound of XRP also occurs in a market regaining appetite for altcoins. Following a period marked by interest rate increases by the Federal Reserve, the failure of a vote on the advancement of the CLARITY Act in the U.S. Senate, and a rise in rates by the Bank of Japan, Bitcoin has reclaimed the $80,000 threshold. However, its dominance over the total crypto market capitalization has dropped from 64% to 59%.
This decline reflects a rotation of some capital towards altcoins, from which XRP benefits. The context is therefore becoming more favorable for Ripple’s crypto without erasing the technical conditions necessary for confirmation.
The $1.38 zone now represents a level to watch. Maintaining above this threshold, accompanied by a daily golden cross around mid-October and an ADX above 25, could strengthen the hypothesis of a more lasting rebound. A rapid break below this zone would expose XRP, on the contrary, to a squeeze with no tomorrow. Today’s rise opens a technical window but does not yet decide what comes next.
