XRP has fallen below crucial technical levels in its pairing with Bitcoin, signaling a shift in market momentum. A death cross has emerged on the daily chart, where the 23-day moving average crossed beneath the 200-day average, often viewed as a bearish indicator.
This crossover reflects a slowdown in XRP’s short-term momentum and suggests increased selling pressure. Following a brief rally earlier this month, XRP has failed to maintain gains, with price action now consolidating just above short-term support.
Bollinger Band Rejection Adds to Pressure
According to TradingView, XRP/BTC recently encountered resistance at the midpoint of the Bollinger Bands. The price failed to break above this level, reinforcing its role as a key resistance zone.
Generally, mid-band rejection means the market is unsure, and it will be hard for XRP to rise soon. The drop in trading volume reflects that the bulls are not showing up now.
Unless demand for XRP increases, it may continue to fall further against the dollar. The market’s volume is still muted, and candles are gathering under resistance, indicating a lack of buyers’ strength.
Source: Tradingview
Momentum Favors Bitcoin in XRP/BTC Pair
The ongoing technical weakness is tilting sentiment toward Bitcoin as the stronger asset in the pair. The death cross and mid-band rejection have solidified a bearish outlook for XRP, at least in the short term.
If XRP doesn’t regain the resistance level, Bitcoin will likely continue to influence their relationship most. Because volume and prices are still not moving upward, the trend now favors BTC.
Since Ripple has fallen below key lines, with a negative moving average crossover and resistance being turned down, the outlook is still weak. If XRP doesn’t recover its recent losses, Bitcoin will continue to guide the prices in the XRP/BTC chart.
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