XRP Surges 6.9% Amid Bitcoin Rebound and Golden Cross Potential

XRP surges — XRP surged nearly 7% on Wednesday as a broader market rally led by Bitcoin’s recovery above $81,000 revived technical optimism for the sixth-largest cryptocurrency.

The token opened trading at $1.2964 and climbed to a daily high of $1.4028 before settling around $1.3863, according to price data. The move outpaced gains in Bitcoin, which rose over 5% to trade near $81,113.

Analysts noted that Bitcoin’s rebound has reopened the possibility of a bullish “golden cross” pattern on its chart, where the 50-day moving average crosses above the 200-day average. This potential technical signal is contributing to positive sentiment across the crypto market.

Despite the strong daily performance, the report indicates that charts continue to give traders mixed signals, suggesting ongoing volatility. The broader altcoin market also saw significant gains, with Ethereum, Solana, and Cardano all posting increases of over 5%.