XRP Shows Weak Momentum Amid Bitcoin’s Rally
- Bitcoin reached a new high of over $126,000 in late September.
- XRP peaked at $3.10 during the same period, below its September high of $3.19.
- Since July, XRP has consistently formed “lower highs,” indicating weakening buying pressure.
- Current support for XRP is between $2.65 and $2.70, with potential sell-off risks if this level breaks.
- The weekly MACD histogram shows strengthening downward momentum for XRP.
The ongoing pattern of lower highs in XRP suggests declining buyer strength compared to Bitcoin. If XRP fails to surpass its recent peak of $3.10 with significant volume, it may face further declines.
As XRP continues to print lower highs while Bitcoin sets new records, the risk of a deeper sell-off increases if it breaks below the support zone at $2.65–$2.70.(Source)
