Discover why the 200-day MA is critical resistance for the XRP/BTC analysis and how the key support must hold by Monday to avoid a projected 64% bearish correction for XRP.
$XRP The situation on the XRP-versus-Bitcoin chart looks like a "make or break" one for altcoin supporters. As of the end of the week, the pair is sitting in a critical zone that may determine the trend for the coming month.
At the moment, XRP is valued at 0.0000206 BTC. There are two days left until the weekly close, and if the price fails to consolidate above the red line, the technical breakdown-retest scenario will be confirmed.
If XRP indeed follows this path, the next major support zone stands only at 0.00000722 BTC per XRP — a pre-2024 rally level. A decline to these values would mean a further loss of more than 64% of XRP’s value relative to Bitcoin.