The cryptocurrency XRP has recently formed a rare "death cross" against Bitcoin on the daily chart, a technical signal that has historically preceded significant declines for the altcoin. This development raises concerns among investors, threatening to invalidate previous price aspirations and signaling potential further depreciation unless a critical support level can be decisively breached.
The Ominous "Death Cross" Explained
A "death cross" is a bearish technical indicator occurring when an asset's 50-day moving average falls below its 200-day moving average. For XRP/BTC, this event materialized near the 0.00002380 BTC mark, a level that previously resisted significant rallies. Further solidifying the bearish sentiment, the 200-day line turned negative for the first time since July, with the 100-day average also nearing a similar downward cross. This technical alignment strikingly mirrors a pattern observed in June 2025 (likely a typo for a recent year), which saw XRP/BTC lose 6.4% in just 16 days. Current chart patterns, including failed pushes above 0.00002390 and stagnant RSI without increased volume, reinforce the historical correlation.
Navigating the Potential Scenarios
Should the historical pattern repeat, a bearish continuation could see XRP/BTC retreating towards the 0.00002050–0.00001950 BTC range, which translates to roughly $2.26-$2.33 for XRP, assuming Bitcoin's current price. A close below 0.00002100 BTC would confirm a full bearish trend, potentially driving Bitcoin's market dominance above 55% within the month. However, a solitary escape route exists for bulls: a definitive break and sustained hold above 0.00002384 BTC, coupled with strong trading volume. Such a move would effectively nullify the death cross's bearish weight and reopen the path towards 0.00002500 BTC, or approximately $2.75 for XRP. Failure to achieve this critical breakthrough would leave XRP vulnerable beneath its current resistance.
