XRP Risks Losing 28% Versus Bitcoin After Double Death Cross Forms
The post XRP Risks Losing 28% Versus Bitcoin After Double Death Cross Forms appeared on BitcoinEthereumNews.com. XRP is starting to slip again versus Bitcoin, with a rare double death cross now confirmed on the daily XRP/BTC chart. Both the 23-day and 50-day moving averages have crossed below the 200-day average. Usually, when that happens, it’s a sign that things are going to change in the long run. With both shorter-term averages now trending beneath the long-term line, a full bearish flip in the structure has been confirmed. Price action has already begun to reflect this shift: XRP continues to slide, with each rebound failing to regain lost ground. You Might Also Like This situation is not an unprecedented one. Back in late 2024, the same pattern played out, and XRP fell 21% against BTC in the following weeks. Based on the current chart, the next likely target is around 0.0000155 BTC, which is about 28% below current levels. Source: TradingView That zone lines up with a prior demand area from November’s breakout move and may offer the next real support. You Might Also Like What makes this situation more concerning is Bitcoin’s strength. Unlike last time, BTC is not consolidating; it’s holding up and slowly pushing higher. This puts extra pressure on altcoins, and XRP is clearly falling behind. With BTC dominance climbing, it’s getting harder for alts to find relief. The trend looks set to grind lower unless XRP can quickly flip the short- and midterm averages back to the upside. A death cross alone doesn’t move the price, but in this environment, it adds weight to an already negative chart. Source: https://u.today/xrp-risks-losing-28-versus-bitcoin-after-double-death-cross-forms
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The post XRP Risks Losing 28% Versus Bitcoin After Double Death Cross Forms appeared on BitcoinEthereumNews.com.
XRP is starting to slip again versus Bitcoin, with a rare double death cross now confirmed on the daily XRP/BTC chart. Both the 23-day and 50-day moving averages have crossed below the 200-day average. Usually, when that happens, it’s a sign that things are going to change in the long run. With both shorter-term averages now trending beneath the long-term line, a full bearish flip in the structure has been confirmed. Price action has already begun to reflect this shift: XRP continues to slide, with each rebound failing to regain lost ground. You Might Also Like This situation is not an unprecedented one. Back in late 2024, the same pattern played out, and XRP fell 21% against BTC in the following weeks. Based on the current chart, the next likely target is around 0.0000155 BTC, which is about 28% below current levels. Source: TradingView That zone lines up with a prior demand area from November’s breakout move and may offer the next real support. You Might Also Like What makes this situation more concerning is Bitcoin’s strength. Unlike last time, BTC is not consolidating; it’s holding up and slowly pushing higher. This puts extra pressure on altcoins, and XRP is clearly falling behind. With BTC dominance climbing, it’s getting harder for alts to find relief. The trend looks set to grind lower unless XRP can quickly flip the short- and midterm averages back to the upside. A death cross alone doesn’t move the price, but in this environment, it adds weight to an already negative chart. Source: https://u.today/xrp-risks-losing-28-versus-bitcoin-after-double-death-cross-forms
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