What to Know:
- XRP has formed a death cross against Bitcoin, a bearish technical pattern.
- A prior death cross in June 2025 saw XRP/BTC decline 6.4% in 16 days.
- Breaking above 0.00002384 BTC with volume is crucial to invalidate the bearish signal.
XRP, a popular altcoin, has recently flashed a concerning signal for traders: a death cross against Bitcoin. This bearish pattern occurs when the 50-day moving average dips below the 200-day moving average, signaling potential further downside. The current formation is occurring near 0.00002380 BTC, a level that previously suppressed a summer rally.
The 200-day moving average has turned negative for the first time since July, adding to the bearish sentiment. The 100-day moving average, currently at 0.00002320 BTC, is also nearing a potential downward cross. This convergence of negative signals suggests traders should be cautious in the short term.
A similar setup in June 2025 resulted in XRP/BTC dropping 6.4% within a little over two weeks. Currently, XRP is showing similar signs: multiple failed attempts to break above 0.00002390, a Relative Strength Index (RSI) around 49, and no significant increase in spot volume despite some positive price action.
If the pattern repeats, the XRP/BTC ratio could decline toward 0.00002050–0.00001950 BTC, potentially translating to $2.26-$2.33, given Bitcoin’s current price. A close below 0.00002100 BTC would confirm a bearish continuation and could strengthen Bitcoin’s market dominance. Bulls need to break above 0.00002384 BTC with strong volume to negate the death cross and target 0.00002500 BTC or $2.75.
Source: Original article
