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On the XRP versus Bitcoin chart by TradingView, a critical breakdown has been recorded as the altcoin moved below the 200-week moving average for the first time since November 2024. The level of 0.00001824 BTC, which for years served as "concrete" support for the uptrend, is now left above.
This is technical confirmation that XRP is officially losing value relative to Bitcoin, despite any external successes.
The decline is happening under "sterile" conditions for XRP. The asset no longer has legal issues as the SEC has recognized it as a commodity, and spot ETFs are steadily injecting liquidity with $81.63 million in inflows since the start of April.
But the raw numbers on the chart show that legalization did not become fuel. The market clearly demonstrates that institutional interest in Bitcoin, with $2.43 billion in ETF inflows in April alone, is simply draining the life out of the XRP/BTC pair.
Why the 200-Week Breakdown Darkens the XRP Price Outlook Despite ETF Gains
The breakdown of the 200-week curve turns former support into strong resistance. Now any upward move of XRP against BTC will face this psychological and technical barrier at 0.00001824 BTC per XRP.
Moreover, the path toward testing the accumulation levels of 2024 is now open, which effectively wipes out all progress of the past year and a half in this pair. According to XRP/BTC volume data on Binance, the main cluster is concentrated precisely at 0.00000963 BTC, which is nearly 47% below current XRP levels.
What stands before us is a picture of emerging devaluation against the backdrop of ideal news - XRP has lost the battle for attractiveness to the first cryptocurrency. Now the question is not "when growth", but where the altcoin will be able to find new ground if the 200-week threshold no longer holds.
Dan Burgin
U.Today Editorial Team
