XRP Faces Major Downtrend Signal Versus Bitcoin

The latest technical development has stirred concern within the Ripple and XRP community, as XRP faces increased pressure in its trading pair against Bitcoin. A bearish indicator has emerged, highlighting ongoing weakness and suggesting the potential for more downside in the near future.

XRP has recently displayed a classic death cross on the XRP/BTC chart — a formation that occurs when a short-term moving average drops below a long-term one. This specific cross involves the 23-day moving average falling beneath the 200-day average. Historically, such setups are closely watched by traders because they often precede more pronounced declines, signaling that momentum may be shifting further out of XRP’s favor.

Technicians view this crossover as an indication that bullish energy is fading. Essentially, when a shorter moving average slides under a long-term trendline, it often points to diminishing buying interest. This aligns with market behavior suggesting XRP is steadily ceding strength to Bitcoin in this particular trading pair.

Adding to the bearish narrative, XRP was recently turned away at a notable resistance level — the midline of the Bollinger Bands on the daily chart. This central band generally represents a zone of equilibrium, but XRP’s inability to move beyond it reinforces the notion that sell-side pressure remains dominant.

Volume analysis has also failed to deliver any optimism. Despite an earlier upward push earlier this month, trading volume has not increased significantly, which is typically essential for confirming a sustainable rally. Without stronger participation from buyers, XRP is stuck consolidating just above its immediate support, with little indication of momentum shifting positively.

While these technical signals don’t guarantee an imminent collapse for XRP relative to Bitcoin, they collectively imply a concerning trend. The death cross, resistance rejection, and flat volume figures suggest XRP’s uphill battle may continue unless firm bullish action materializes shortly.

All eyes are now on what happens over the next few trading sessions. For Ripple’s token to reassert a more favorable position, it must break through current resistance and maintain higher levels with renewed volume support. Otherwise, Bitcoin may continue to pull ahead, leaving XRP trailing behind under heavy technical pressure.

Ultimately, investors and traders closely watching the XRP/BTC pair should approach with caution. While some reversals have occurred in the past following similar conditions, each market cycle is unique. Confirmation through volume and strength above key resistance levels would be required to paint a more optimistic picture for XRP’s near-term performance.

If XRP fails to mount a recovery, Bitcoin could further extend its comparative dominance, maintaining its position as the leading digital asset above its competitors in terms of both value and market sentiment.

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Source: TradingView

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