Abstract The Tandem Reconnection and Cusp Electrodynamics Reconnaissance Satellites (TRACERS) mission observes electron energy‐latitude dispersion at the equatorward edge of the magnetospheric cusp, and high‐cadence Analyzer for Cusp Electrons (ACE) measurements resolve the dispersed edge. The inverse velocity dispersion (low energy before high energy) encountered by TRACERS as it travels southward through the northern cusp rules out pure energy‐time dispersion from nearby injections or Alfvén wave‐driven acceleration. TRACERS observes electron dispersion at the equatorward edge of the northern cusp roughly half of the time for southward interplanetary magnetic field (IMF), and almost never for northward IMF. The TRACERS measurements therefore provide strong observational support for the hypothesis that the observed electron dispersion results from dayside magnetic reconnection and plasma convection, much like the ion dispersion that commonly extends across the cusp. Observations of multiple electron dispersions and electron steps suggest fine‐scale spatial and/or temporal variability in magnetic reconnection.