One important technical sign just popped up on the XRP/BTC daily chart, showing that XRP is losing ground to Bitcoin. It looks like a death cross has formed — that’s when a short-term moving average crosses below a long-term one — and it might be setting the stage for more weakness.
To be more specific, if you look at the 23-day moving average, it is now below the 200-day average. When this happens, it’s often seen as a sign that the asset’s momentum is slowing and might be losing steam. In this case, XRP appears to be taking a backseat to Bitcoin, and the chart is showing that shift.
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At the same time, XRP/BTC hit resistance with the middle line of the Bollinger Bands. Market price usually balances at this level, but in this case, XRP hasn’t managed to break through it. Such a rejection adds to the sense that the pair is stuck below key levels, and XRP may struggle to gain ground anytime soon.
Examining the recent volume, it’s clear that there hasn’t been a meaningful increase to justify a bullish reversal. Following the rally earlier this month, price action has cooled off, with candles clustering just above short-term support.
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None of these two developments — the moving average crossover or the failure at mid-band resistance — point to an immediate breakdown. But they do suggest that XRP is growing weaker against Bitcoin.
Once again, the next few trading sessions will be important. For the outlook to favor XRP over Bitcoin, there needs to be a push back above resistance. If not, the current trend will continue to favor the leading cryptocurrency in this pairing.
