XRP (XRP) is edging toward a golden cross, a widely followed bullish chart signal, as the market share of Bitcoin (BTC) fell to a one-month low below 59%.
Key Points:
- XRP's 50-day average sits about 2% below its 200-day average, the narrowest gap since August 2024.
- Bitcoin dominance slipped under 59% as several altcoins gained nearly 30% in a day.
- None of XRP's 16 previous golden crosses lasted a full year before reversing.
XRP Golden Cross Nears
XRP's 50-day moving average now sits about 2% below its 200-day average, market data show, the tightest gap since the token's last golden cross in August 2024. Chart analysts treat a move of the shorter line above the longer one as a sign that a medium-term uptrend has taken hold, though the averages lag price because both are built from past closes.
Bitcoin traded near $78,000, roughly flat from a week earlier. The week brought a Federal Reserve rate increase and a setback for the Clarity Act, and Bitcoin's share of total crypto market value dropped to a one-month low under 59%. Tokens including Uniswap (UNI), NEAR Protocol (NEAR) and Arbitrum (ARB) jumped nearly 30% in 24 hours.
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Kuptsikevich Reads The Rotation
Alex Kuptsikevich, chief market analyst at FxPro, said that "altcoins have accelerated sharply while the majors lag," citing hopes that U.S. regulators will embrace crypto and that Congress will pass the Bitcoin Reserve Bill. Traders are turning to altcoins cautiously, he added, because neither the altcoin season index nor broader market sentiment has climbed to high levels.
XRP Price Levels In Focus
The token traded around $1.33 to $1.35, slightly below the roughly $1.39 it touched on Sept. 8. On exponential averages, which weight recent prices more heavily, XRP still shows a death cross, with the 50-day line at $1.2860 and the 200-day line standing at $1.3539. A slide below $1.33 would pull the two averages apart again, and a crossover confirmed on thin volume tends to fade without steady buying behind it.
XRP's own record argues for caution. None of its 16 previous golden crosses lasted 12 months, and every one of them ended in a death cross, the bearish mirror image of the pattern.
Six of those crosses failed even to reach the three-month mark. Of the 10 that did, five gained between 85% and more than 1,000%, including a 1,009.6% run after the April 2017 signal. The other five lost as much as 32%, leaving the indicator unreliable on its own.
The current setup follows a sharp rebound in August, when XRP climbed nearly 40% in a single week and crossed $1.40 for the first time in months. The token had fallen near $1.00 earlier that month, then touched about $1.70 in late August before easing back toward the range where it sits now.
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