Cross of Death on XRP: End of the cycle or the beginning of a surprising conversion?

XRP is against Bitcoin. The dreaded technical crossing, “Cross of Death” has just appeared on the XRP/BTC pair and revived investors’ concerns. This signal associated with a significant declining trend contrasts with the vitcoin vitality. However, some technical indicators on the wider units of time suggest a possible conversion against the influx of this dark image. Between short -term voltages and reflective hopes XRP again attracts the attention of the market crypto in the search for benchmarks.

“Cross of Death” that revives concerns around XRP

While its reserves explode on stock exchanges, XRP is currently undergoing a technical voltage period against bitcoin, confirming the “crisis cross” in the daily chart of the XRP/BTC pair.

This configuration occurs when the 50 -day mobile diameter exceeds the diameter of 200 days, an indicator historically associated with the prosecution of a negative trend.

The XRP actually identified 10 of the last 12 days down against the BTC and emphasized this unfavorable dynamics. In parallel, the token remains blocked in the stagnation phase on its dollar graphics and is trying to release a clear direction.

Here are key factual elements to remember:

• Cross of death confirmed on daily graphics XRP/BTC (50D <200D), classic signal reduction in technical analysis;
• 10 days of decline in the last 12 against bitcoin, according to market observation;
• In USD, XRP develops within a narrow range between $ 2 and $ 2.65, without clear dynamics;
• Bitcoin influenced the new historical summit to nearly $ 112,000 and intensified the gap in the performance of the performance between the two active ingredients.

This output imbalance combined with an increased volatility context on the market of the market is installed by the climate of uncertainty around the XRP. It seems that the crypto ripple in the face of bitcoin in a large state, at least in the short term.

Long -term Bull Signals Fuel Hope to Conversion

Despite the tangible voltage at the short -term horizon, some technical indicators are beginning to propose possible conversion. The RSI index on the XRP/BTC daily graphics is now approaching the occurrence area.

This situation generally occurs when sales pressure reaches shortness of breath and potentially announces a jump. In the area of ​​long -term medium signals, the contrast is even more pronounced: the Weekly XRP/BTC graph shows the creation of the “Golden Cross”, this time in favor of buyers.

This transition, unlike the previous one, corresponds to the passage of the mobile current average after 50 weeks over 200 weeks and is considered a signal for structural strengthening the trend of ascending.

This divergence between short and long -term signals illustrates the complexity of the moment when XRP intersects. While scalp and traders Intrajournalier may be tempted to face the face of immediate bear pressure, long -term investors could see a strategic input window and until possible confirmed conversion. The general context of the market emphasizes this tension.

This contradictory situation promotes caution, but does not close the door to a more favorable result. Convergeration of technical indicators in the extreme zone could open the way to a surprising return from XRP if the volumes and market feel followed. Meanwhile, the crypt remains in the critical observation zone controlled under the magnifying glass investors in search of the slightest rocking signal.

Luc Jose A.

A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.