XRP nears golden cross as Bitcoin dominance wanes
XRP is approaching a golden cross, with its 50-day moving average just 2% below the 200-day moving average. While historical data shows mixed results for this signal, market analysts note that Bitcoin's market dominance has dropped below 59%, suggesting a potential rotation of capital into altcoins like UNI, NEAR, and ARB. Meanwhile, U.S. spot Ethereum ETFs saw a third consecutive day of net outflows, while Bitcoin ETFs recorded net inflows of approximately $159 million.
Summaries are written by AI from the original article. Not investment advice.