XRP on the edge of the failure against Bitcoin

An important technical sign appeared on the XRP/BTC -Mailing diagram and shows that XRP loses ground against Bitcoin. It looks as if a death cross has formed and a short-term moving average under a long-term and could create the stage for more weakness.

To be more precise if you look at the sliding 23-day average, it is now below the 200-day average. In this case, it is often seen as a sign that the swing of the assets slowed down and possibly loses steam. In this case, XRP seems to take a back seat in Bitcoin, and the diagram shows this shift.

At the same time, XRP/BTC resistance hit the middle line of the Bollinger tapes. The market price is usually at this level, but in this case XRP has not managed to break it. Such a rejection contributes to the feeling that the couple is below the most important levels, and XRP can only strive in the ground shortly.

If you examine the youngest volume, it is clear that there has been no meaningful increase to justify a bullish reversal. After the rally at the beginning of this month, Price Action cooled down, with candles grouped just over short -term support.

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Neither of these two developing average intersection or the failure in resistance with medium band tunes towards an immediate breakdown. But they suggest that XRP gets weaker against Bitcoin.

Here, too, the next trading sessions will be important. In order for the prospects XRP to prefer Bitcoin, press must be pushed back above the resistance. If not, the current trend will continue to prefer the leading cryptocurrency in this pairing.