XRP on the brink of a golden cross as focus switches to away from bitcoin (BTC): Crypto Daily

That said, many of those golden crosses did produce impressive three-month gains (check Today’s Signal). Five of the 10 crosses that survived long enough to reach the three-month mark posted gains ranging from 85% to more than 1,000%, including a 1,009.6% run following the April 2017 cross and a 135% gain after the February 2021 cross.

Right now, XRP's 50-day average sits about 2% below its 200-day average, the closest since its last golden cross in August 2024.

Meanwhile, analysts are optimistic about bitcoin’s price prospects, given the cryptocurrency has weathered this week’s storm, marked by the Clarity Act setback and a Federal Reserve rate increase. The cryptocurrency is trading near $78,000, roughly unchanged from a week ago.

But its dominance rate, or share of total crypto market cap, has dropped to a one-month low of under 59%. That implies a rotation into altcoins and many of them, such as UNI, NEAR and ARB have surged by nearly 30% in 24 hours.

“Altcoins have accelerated sharply while the majors lag. Markets hope for SEC and CFTC crypto adoption, plus passage of the Bitcoin Reserve Bill,” Alex Kuptsikevich, the chief market analyst at The FxPro, said in an email.

“It appears that traders are cautiously shifting their focus towards altcoins, although neither the altcoin season index nor market sentiment has yet reached high levels,” he said. Stay alert!