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XRP Teeters on Edge of Four-Month Low as Bitcoin Death Cross Threatens

XRP Teeters on Edge of Four-Month Low as Bitcoin Death Cross Threatens

cryptonewsT
Release Time:
2025-05-28 14:00:33
0

XRP’s price action looks shaky—flirting with levels not seen since early 2025 as a dreaded death cross forms against Bitcoin. Traders are sweating, analysts are hedging, and the usual crypto permabulls are already calling it a ’buying opportunity.’

Meanwhile, Bitcoin—ever the drama queen—flexes its dominance yet again. Will XRP bounce or get swallowed whole? Place your bets—the house always wins.

XRP price technical analysis

xrp price

XRP price chart | Source: crypto.news

The daily chart shows the XRP/BTC pair topped at 0.00003410 before falling to 0.000021, its lowest level since February. The pair has formed a rounded top, a common bearish continuation pattern.

XRP is also nearing the formation of a death cross, as the 50-day and 200-day exponential moving averages approach a crossover. The weighted moving averages have already completed the death cross, a bearish signal that could lead to further downside.

Additionally, XRP is nearing the 50% Fibonacci retracement level. This raises the risk of continued decline, with sellers potentially targeting the 61.8% retracement level at 0.00001745, 18% below the current price.

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