XRP on the brink of a golden cross; Bitcoin dominance drops to 1-month low, fueling altcoin surge
XRP's 50-day moving average is currently about 2% below its 200-day average, the closest since its last golden cross in August 2024. This technical signal, where the 50-day average crosses above the 200-day, is often seen as bullish, though historical data for XRP shows it has not been a reliable long-term predictor of sustained upside. Meanwhile, Bitcoin's dominance rate, or share of total crypto market cap, has fallen to a one-month low of under 59%, leading traders to shift focus to altcoins like UNI, NEAR, and ARB, which have surged by nearly 30% in 24 hours. FxPro chief market analyst Alex Kuptsikevich noted that altcoins have accelerated sharply while majors lag, with markets hoping for SEC and CFTC crypto adoption and the passage of the Bitcoin Reserve Bill.
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