XRP: Surges 6.9% as Bitcoin Rebound Fuels Golden Cross
XRP jumps 6.9% to $1.39 as Bitcoin rebound opens path to golden cross, with 4h chart showing EMA50 support at $1.35 and MACD bullish crossover.
SourceAnalysis
XRP climbed 6.9% to $1.39 after Bitcoin rebounded, reopening the door to a golden cross on the daily timeframe.
Price action on the 4h chart shows a bullish trend structure with EMA50 at $1.35 and EMA200 at $1.30 acting as concrete support layers. Momentum sits neutral at RSI 62.09 while the MACD registers a bullish golden cross at -0.0. With XRP now testing upper Bollinger resistance at $1.38, traders eye a healthy pullback to the 50-EMA before continuation. This setup aligns with recent Bitcoin rebound correlation with XRP price surges and informs near-term XRP price prediction models amid broader crypto market dynamics.
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