Analysis: XRP faces weakness against Bitcoin as death cross forms on daily chart

The XRP/BTC daily chart experienced a death cross, where the 23-day moving average fell below the 200-day average, according to U.Today. This signals potential weakness in XRP’s momentum against Bitcoin. The report noted that XRP/BTC also encountered resistance at the midpoint of the Bollinger Bands and was unable to surpass it, suggesting ongoing struggles for XRP. While these indicators do not mean an immediate decline, they point to XRP losing strength relative to Bitcoin.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments