XRP surges 6.9% as Bitcoin rebound revives golden cross chance

XRP rose 6.93% on the daily candle as Bitcoin recovered above $80,000. XRP opened at $1.2964. XRP reached $1.4028. XRP later traded near $1.3863. Bitcoin's dominance was 64% before the move. It later fell to 59%. XRP's 50-day exponential moving average remains below its 200-day exponential moving average on the daily chart. This setup is known as a death cross. The gap between the averages has narrowed to its tightest level since XRP's last golden cross in August 2024. A golden cross could appear on the daily chart as soon as mid-October if the gains continue. XRP's 4-hour chart already recorded a golden cross on August 21. The gap on that chart has since narrowed instead of widening. The 4-hour crossover does not guarantee confirmation on the daily chart. XRP's Average Directional Index is 35.2. Traders use 25 as a reference level for a stronger trend. XRP's positive directional line is above its negative directional line. XRP's Relative Strength Index is 54.6. XRP's Squeeze Momentum Indicator has been active for 11 straight bars. The Senate voted 49-50 against advancing the Clarity Act. The Federal Reserve raised rates during the recent market weakness. The Bank of Japan also raised rates. Bitcoin held above $80,000 after the Senate vote. Traders are watching whether Bitcoin's rebound supports continued rotation into altcoins. Traders are also watching whether XRP's 50-day average rises above its 200-day average on the daily chart. A confirmed golden cross around mid-October would coincide with the ADX remaining above 25. A break below the $1.38 golden zone would increase the possibility that the move fails before the crossover is confirmed.