XRP Risks Losing 28% Versus Bitcoin After Double Death Cross Forms

XRP Slides Amid Bearish Technical Signals

The cryptocurrency market is witnessing shifting dynamics for XRP, Ripple's native token. A rare double death cross has now appeared on the daily XRP/BTC chart, suggesting potential long-term bearish pressure.

Technical Indicators Flash Warning Signs

The 23-day and 50-day moving averages have both crossed below the 200-day average - a pattern that typically signals a negative long-term outlook. With both shorter-term averages now positioned beneath the long-term line, the technical structure has fully turned bearish.

This scenario mirrors late 2024's pattern, which preceded a 21% XRP decline against Bitcoin. Current charts suggest the next potential target sits around 0.0000155 BTC, representing a 28% drop from current levels and aligning with November's breakout demand zone.

Market Conditions Compound Challenges

Bitcoin's growing dominance creates additional headwinds for XRP and other altcoins. As BTC strengthens, alternative cryptocurrencies struggle to find support in the current environment.

Without a swift reversal that flips the short- and mid-term averages upward, XRP appears poised for continued downward movement. While the death cross itself doesn't directly impact price, it reinforces existing bearish chart patterns in this market climate.