Bitcoin Battles for $88.8K Support as Trendline Cracks—While XRP Flirts With a Death Cross

Bitcoin’s bull run faces a critical test after slicing through a key trendline—now traders are watching whether $88.8K holds as support. Meanwhile, XRP teeters on the edge of a dreaded death cross, a technical omen that’s sent shivers through crypto markets before.

For BTC, the next move hinges on whether buyers step in at this level or let gravity do its work. As for XRP? Let’s just say the ’death cross’ isn’t the kind of crossover its holders were hoping for—unless they’re fans of horror movies and margin calls.

Funny how these ’technical patterns’ always seem to matter right until Wall Street’s algos decide they don’t.

The bearish hourly chart set up risks invalidation on renewed above the Ichimoku cloud, which would reinstate the bullish outlook for rise to $100K.

XRP’s recovery from April 7 lows has run out of steam, too, with prices falling back below the 50-day simple moving average (SMA).

More importantly, the 50-day SMA appears on track to cross below the 200-day SMA in what is known as the death cross long-term bearish indicator.

The impending death cross, against the backdrop of the overall downward trend since mid-January, raises the risk of a deeper sell-off. Note, however, that the death cross’ record in predicting price trends has been mixed in both Bitcoin and traditional markets.