Usman Salis
XRP is getting absolutely hammered against Bitcoin (BTC) after a rare double death cross just formed, and if history repeats, we could see a brutal 28% drop ahead.
XRP/BTC Just Flashed a Massive Red Flag with Double Death Cross
Things are looking pretty ugly for XRP right now, especially when you stack it up against Bitcoin. The daily XRP/BTC chart just confirmed something traders really don't want to see – a double death cross. Both the 23-day and 50-day moving averages have dropped below the 200-day line, and when that happens, it's usually not great news for what's coming next.
This isn't just some minor technical wobble we're talking about here. When both shorter-term averages tank below the long-term trend line at the same time, it's what chart nerds call a "full bearish flip." Basically, it means the whole structure has gone negative, and we're probably looking at some sustained selling pressure ahead.
The price action is already telling the story loud and clear. XRP keeps sliding against Bitcoin, and every time it tries to bounce back, it just can't seem to stick. Buyers are getting absolutely crushed here, and each rally attempt is weaker than the last. It's like watching someone try to swim upstream – technically possible, but the current's just too strong.
History Says XRP Could Get Wrecked 21-28% Against Bitcoin (BTC)
Here's the thing that should really worry XRP holders – we've seen this movie before, and it didn't end well. Back in late 2024, the exact same double death cross showed up on the XRP/BTC chart. What happened next? XRP got absolutely demolished, dropping 21% against Bitcoin over the following weeks. Not exactly the kind of precedent you want to see repeating.
Based on how the charts are lining up now, technical analysts are eyeing a target around 0.0000155 BTC for this pair. That's roughly 28% below where we're sitting today, which would make this drop even nastier than what we saw in 2024. The target isn't just some random number either – it lines up perfectly with a major support zone from November's breakout move.
That 0.0000155 BTC level could be where buyers finally show up to defend XRP, but getting there would mean watching months of gains get wiped out in real time. If you're holding XRP versus Bitcoin right now, that's got to sting. The combination of historical precedent and current technical setup suggests this downside target is definitely within reach.
Bitcoin's (BTC) Strength is Making XRP's Life Even Harder
What's making this whole situation even worse for XRP is how differently Bitcoin is behaving compared to last time. Back in late 2024, when XRP had its last major breakdown, Bitcoin was just kind of sitting there doing nothing – consolidating, moving sideways, basically taking a breather. This time around? Bitcoin is actually holding up pretty damn well and slowly grinding higher.
That's a huge problem for altcoins like XRP because it means money is flowing into Bitcoin instead of spreading around to other cryptos. Bitcoin dominance has been climbing, which is basically a fancy way of saying Bitcoin is eating everyone else's lunch right now. When BTC dominance goes up, altcoins usually get left behind, and XRP is clearly struggling to keep up.
The whole setup is just brutal for XRP holders. You've got weak technicals combining with a market environment where Bitcoin is the cool kid and everything else is getting ignored. The trend looks set to keep grinding XRP lower unless something changes fast – like XRP somehow managing to flip those moving averages back to the upside. But honestly, in this environment where Bitcoin is flexing and altcoins are getting hammered, that death cross is just adding more weight to an already ugly picture.
Usman Salis
