XRP Faces Death Cross Decline Against Bitcoin

XRP is currently experiencing downward momentum against Bitcoin, with technical patterns sparking concerns among traders. The focus keyword here is XRP, which finds itself lagging behind BTC’s recent performance, particularly after forming a bearish “death cross” pattern on its daily chart.

The death cross, a chart formation where the 50-day moving average drops below the 200-day moving average, typically signals a potential decline in asset value. For XRP, this pattern has materialized, indicating a possible continuation of its downward trend in the near term. In contrast, Bitcoin continues to ride upward momentum, recently reaching a historic high of approximately $112,000.

Over the past two weeks, XRP has posted losses in 10 of 12 trading days when measured against Bitcoin. This prolonged dip has fueled caution among traders and analysts analyzing the XRP/BTC pair. Simultaneously, XRP has continued to fluctuate between $2.65 and $2 in its USD pairing without direction, reflecting market indecision and a lack of momentum from both bulls and bears.

However, despite the short-term bearish sentiment, some indicators offer hope for a potential rebound. On the daily XRP/BTC chart, the Relative Strength Index (RSI) is nearing oversold levels (below 30), suggesting that selling pressure might be nearing exhaustion. This pattern typically hints at a potential upward correction or bounce as the market adjusts.

Another encouraging sign lies in the weekly XRP/BTC chart, where a golden cross has formed — the inverse of a death cross. This technical signal occurs when a 50-week moving average crosses above the 200-week moving average. It’s generally interpreted as a bullish indicator pointing toward long-term positive momentum and possibly forecasting a change in trend direction with time.

Amid these shifts, the broader cryptocurrency market has also faced increased volatility. Recent data reveals that around $210 million in crypto positions were liquidated during early Sunday trading hours. This move came after a period of optimism where multiple digital assets, including Bitcoin, rallied significantly. The weekend sell-off is believed to be driven by profit-taking as traders lock in gains from previous market upswings.

As of the latest reports, XRP has decreased by 2.09% in the past 24 hours, settling around $2.3. Despite this day-on-day dip, it’s still recorded a 4.31% weekly gain, hinting at some resilience. Meanwhile, Bitcoin had a minor retracement, trading at approximately $107,597 after falling briefly to $106,750 — a 1.03% decline on the day.

Market sentiment remains conservative across both leading and altcoin sectors. Investors are carefully watching economic indicators and crypto market trends to determine the next moves. For XRP, the current phase could represent a critical crossroad. With short-term bearish pressures but long-term technical setups pointing toward upward potential, the coming weeks may prove decisive in shaping its trajectory relative to Bitcoin.

Traders monitoring XRP may find this period particularly vital for rebalancing their portfolios. The dual presence of a short-term death cross and a weekly golden cross encapsulates the duality of the current market — uncertainty on one hand and opportunity on the other.

With indicators aligned across different timeframes, XRP’s near future against BTC hinges upon whether selling momentum wanes and whether golden cross signals manage to outweigh prevailing fears. For now, XRP holders and market watchers remain eager for confirmation of a recovery, all while geopolitical and macroeconomic conditions continue to stir crypto markets worldwide.

Related data and charts show continued attention on formations like death crosses and golden crosses, which frequently influence market psychology. As always, the crypto sphere remains highly reactive, so XRP’s movement against Bitcoin will likely remain under close watch through this critical technical phase.

Related: Expert Advice: Sell XRP If You’re Confused

Track further updates via the official XRP/BTC chart on TradingView.