Back-to-Back Death Crosses Put XRP at Risk Versus Bitcoin

Uncertainty Looms for XRP Amid Conflicting Technical Signals

The cryptocurrency market remains volatile, and XRP's recent performance against Bitcoin reflects this turbulence. The digital asset has faced renewed downward pressure, with two consecutive "death crosses" appearing on the daily XRP/BTC chart. This technical pattern typically signals weakening short-term momentum.

Mixed Signals Across Time Frames

While the daily chart shows concerning signs, the weekly timeframe presents a different picture. A "golden cross" has recently formed, with the 50-day moving average crossing above the 200-day average. This bullish pattern suggests potential long-term support for XRP, though such trends often take time to materialize.

Bitcoin's Dominance Creates Headwinds

The situation becomes more complex when considering Bitcoin's strong performance. The leading cryptocurrency recently set a new all-time high of $111,880 while increasing its market dominance to 63.9%. In contrast, XRP's market share remains stagnant at 4.13%, highlighting the challenge of competing with Bitcoin's momentum.

For XRP to regain its footing, it needs to reclaim key moving average levels. Until then, the asset may continue struggling against Bitcoin's dominance. Investors should watch these conflicting technical indicators closely to gauge XRP's potential future trajectory.