XRP forms a rare double death cross against BTC, signaling strong bearish momentum.
A potential 28% decline is projected as XRP continues to underperform Bitcoin.
Long-term indicators like the golden cross offer hope despite short-term weakness.
XRP, one of the top cryptocurrencies, is showing signs of weakness compared to Bitcoin (BTC). Recently, a rare and alarming technical pattern called the "double death cross" has appeared on the daily XRP/BTC chart. This pattern has created concern among traders and analysts, as it usually points to more downside ahead.
In technical analysis, a "death cross" happens when a shorter-term moving average (like the 50-day moving average) crosses below a longer-term moving average (like the 200-day moving average). It signals that bearish momentum is building and that the price may continue to fall.
A double death cross takes this warning a step further. It occurs when both the 23-day and 50-day moving averages cross below the 200-day moving average at the same time. This is a strong signal of a downtrend and often suggests a larger and more lasting fall in price.
On the XRP/BTC chart, both these moving averages have moved under the 200-day mark. This strongly suggests that XRP may continue to fall when measured against Bitcoin.
This is not the first time XRP has shown such bearish signs. A similar double death cross was observed in late 2024. Following that, XRP’s price dropped by about 21% against BTC. Based on that history and current chart behavior, market experts now expect a potential 28% further drop in XRP’s price compared to Bitcoin.
The next major support level for XRP/BTC is around 0.0000155 BTC, and prices might fall to this level if the current trend continues.
Also Read: XRP vs Shiba Inu: Which Crypto Will Hit $5 First?
XRP has been losing ground against Bitcoin steadily. Over the last two weeks, XRP has dropped in value compared to BTC in 10 out of the last 12 trading days. This consistent downtrend strengthens the bearish outlook.
Even though the short-term view looks negative, some long-term indicators give hope for a possible reversal in the future.
On the weekly XRP/BTC chart, a golden cross has formed. A golden cross is the opposite of a death cross and happens when the 50-week moving average crosses above the 200-week moving average. This is generally seen as a sign of a long-term uptrend.
Also, the Relative Strength Index (RSI) on the daily XRP/BTC chart is approaching the oversold zone. RSI is a momentum indicator that measures how overbought or oversold an asset is. If RSI falls below 30, it usually means the asset is oversold and may bounce back due to reduced selling pressure.
The overall cryptocurrency market also plays a role in XRP’s weakness. Bitcoin has reached new all-time highs and is trading close to $112,000. As Bitcoin keeps rising, investors are more interested in holding BTC rather than weaker coins like XRP. This performance gap adds pressure on XRP, making it harder for the altcoin to keep up.
External factors are also making the crypto market more volatile. For example, the United States government recently discussed the possibility of placing tariffs on goods imported from the European Union. News like this affects global markets and investor confidence, and cryptocurrencies are not immune. When investors become unsure about the economy, they tend to move their money into stronger assets like Bitcoin, which puts more stress on XRP and similar coins.
Also Read: XRP-BTC Golden Cross Sparks Hopes for a Massive XRP Bull Run
While short-term charts suggest trouble for XRP, the long-term view is not entirely bleak. The golden cross and oversold RSI suggest there might be a recovery in the future. However, until clear signs of a reversal appear on the daily chart, XRP may continue to struggle against Bitcoin.
XRP is currently in a tough spot compared to BTC. The double death cross is a warning sign that more losses could come soon. Unless the market shows a strong shift in mood or XRP finds new support, prices may drop further.
XRP’s situation is uncertain. On one side, strong bearish indicators like the double death cross suggest the coin could lose more value compared to Bitcoin. On the other side, long-term signals give a glimmer of hope for a possible turnaround later.
For now, the cautious view dominates. Traders and analysts are keeping a close watch on price movements, technical indicators, and broader market trends. The next few weeks will be crucial in deciding whether XRP can recover or if it will continue to slide further behind Bitcoin.