XRP wavers against Bitcoin. A feared technical crossover, the “death cross,” has just appeared

This signal, associated with a marked downtrend, contrasts with the strength shown by Bitcoin. However, against the tide of this grim picture

"Death cross" on XRP / BTC sparks fear as Bitcoin soars

Relying on strength in greater time frames for a rebound

While Bitcoin price continues to hit new highs, sparking enthusiasm among crypto investors, another cryptocurrency is facing a more challenging fate. After a 10-day losing streak against Bitcoin, which began on February 13, XRP price appears to be accumulating new lows.

This downward movement is placing pressure on the bulls, who are attempting to counter this negative trend. However, they will need to mobilize quickly if they wish to prevent a "death cross" on the 50-day and 200-day moving averages. This pessimistic technical indicator, which is being observed on the daily chart of the XRP / BTC pair, could further exacerbate the current gloomy picture.

Indeed, after a 10-day decline, XRP price has seen 12 of the last 13 days with lower lows against BTC. This signals a strong bearish momentum, which is concentrating the selling power in this time frame.

In addition, on the short-term dollar chart, the token is struggling to find direction after being confined to a stagnation phase since the beginning of March. This lack of a clear trend on the smaller time frame adds to the difficulties faced by those who wish to intervene quickly to reverse the tide.

Finally, this performance imbalance is unfolding in an atmosphere of heightened volatility, recently discussed in a previous analysis. This volatility is amplifying the rapid price movements and increasing the fluidity of market trends, rendering technical analysis more sensitive to sudden changes.

Is a bullish reversal on the cards?

Despite the gloomy short-term signals, some technical indicators suggest a possible reversal in the coming days or weeks. The RSI index on the daily XRP / BTC chart is approaching the oversold zone.

This pessimistic scenario, which could be completed by a steeper decline in the coming days, is usually encountered when selling pressure reaches a point of exhaustion, signaling a potential rebound.

Furthermore, in terms of medium- to long-term signals, the contrast is even more striking. The weekly XRP / BTC chart is showing the formation of a "golden cross," to the advantage of the buyers.

This crossover, which is the opposite of the previous one, corresponds to the 50-week moving average crossing above the 200-week moving average. It is considered a signal of structural strengthening of the upward trend, or on the contrary, of continuation of the downward trend.

This divergence between the short-term and long-term signals highlights the complexity of the moment for XRP. While scalpers and intraday traders may be more inclined to express caution due to the immediate downward pressure and the pessimistic 'death cross' on the smaller time frame, long-term investors might prefer to see this as an opportunity for a strategic entry.

This creates a contradictory situation, which demands attention and analysis before making any hasty conclusions. The convergence of technical indicators in extreme zones could pave the way for a more surprising comeback, provided that trading volume and overall market sentiment follow suit in this collective movement.