[DigitalToday reporter Jinju Hong] XRP has formed a golden cross on the daily chart, but its short-term price action is slowing, raising questions about how meaningful the bullish signal is.

U.Today, a blockchain media outlet, reported on Monday that XRP showed the 50-day moving average breaking above the 200-day moving average near $1.37.

A golden cross is widely seen as a key technical signal that appears when a long-term downtrend shifts to an uptrend. But caution in the market is also growing because this signal was confirmed late, after the price had already rebounded sharply. XRP fell from above $1.50 to around $1.00 from May to mid-August, showing a clear downward move.

Sentiment shifted in August. XRP surged on strong volume and broke above key moving averages within days. The 200-day line, which had capped gains, later switched to acting as support. In September, it broke out of a downtrend line, retested the $1.28 to $1.30 range, and rose to a local peak close to $1.66.

The issue is the recent short-term move. A textbook reversal signal is described as a structure of rising lows, but the latest chart is moving differently. After failing to hold above $1.60, XRP posted progressively lower highs at $1.66, $1.63 and $1.58. U.Today described the golden cross as a "lagging indicator," meaning it may not fully reflect market reality because it reacts later than price changes that have already occurred.

The price has returned to around $1.50 as consecutive bearish candles appeared. Volume on rebound attempts is also down compared with the August surge. The relative strength index (RSI) has also cooled from an overbought zone and fallen to around 58, leaving room for further correction.

That has made support defense the key variable in the short term. The nearest support zone is $1.44, where a rising short-term moving average sits. Below that, the $1.37 area, where the 50-day and 200-day lines meet, is cited as a key level. A close below that zone would weaken the meaning of the golden cross and could push the price back into the $1.30 range, a warning said.

On the other hand, assessments say a recovery above $1.60 comes first to revive the upward move. It would then need to break above the $1.66 to $1.70 resistance zone to regain upside momentum. Based on long-term averages, a shift signal from a bear market to a bull market has been confirmed, but in the short term the pattern of lower highs continues, so the direction is still not settled. For now, it also needs to be watched that the golden cross may be a signal that appeared near the end of a rally, not its starting point.