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Top Analyst Expresses Bitter Truth to XRP Community: Why XRP Has Been Trading Sideways

1h ago
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What to know:

  • XRP/BTC declined for fifteen consecutive weeks while Bitcoin rallied aggressively toward $80,000.
  • ChartNerd warned that XRP has remained structurally weak against Bitcoin since 2017.
  • Bitcoin volatility and weakening XRP momentum continue to pressurize prolonged sideways price action.

Crypto analyst ChartNerd has argued that XRP’s prolonged sideways movement reflects growing weakness against Bitcoin, even as BTC continued climbing toward the $80,000 level and attracting most of the liquidity flowing into the broader cryptocurrency market. According to him, XRP has struggled to establish meaningful momentum because traders continue to favor Bitcoin over major altcoins during the current market cycle.


XRP/BTC Decline Explains XRP’s Sideways Price Action

ChartNerd noted that XRP/BTC has now declined for 15 consecutive weeks, showing consistent weakness against Bitcoin throughout this year. During the same period, Bitcoin climbed from the $60,000 range toward $80,000, while XRP continued moving sideways without showing enough strength to follow BTC’s broader expansion.


The analyst explained that XRP/USD cannot generate strong upward momentum while the XRP/BTC pair continues weakening because Bitcoin currently dominates investor attention and market liquidity. In his view, XRP’s inability to outperform Bitcoin remains the primary reason behind its stagnant price structure despite broader market optimism.


Charts shared alongside the analysis highlight a widening divergence between both assets, with Bitcoin repeatedly printing higher highs while XRP struggled to maintain bullish momentum for extended periods. Consequently, ChartNerd dismissed growing speculation surrounding massive XRP price predictions circulating across social media platforms and sections of the crypto community.


Also Read: Ancient Bitcoin Whale Moves $203M BTC to Trading Firms, Market Reacts Overnight!


According to the analyst, traders should focus more on XRP/BTC performance instead of relying on unrealistic expectations disconnected from current technical conditions. He also argued that XRP has consistently underperformed Bitcoin across several market cycles, making the latest sideways trend less surprising from a long-term perspective.


XRP Long-Term Structure Continues Weakening Against Bitcoin

Another chart focused on XRP’s long-term structure against Bitcoin, dating back to 2017, and showed XRP repeatedly forming lower highs beneath a descending resistance trendline across multiple market cycles. Several rejection points appeared below that resistance area, reinforcing the broader bearish structure that has controlled XRP/BTC for years.


Additionally, the chart highlights a lower support region described as a historical outperformance zone, which previously acted as a major reaction area during earlier market cycles. ChartNerd warned that XRP could revisit that support region if current conditions continue weakening over the coming months.


The analyst also highlighted XRP/BTC losing its 20-month exponential moving average, which often reflects weakening momentum and deteriorating strength against Bitcoin during longer market cycles.


Bitcoin Volatility Adds More Pressure on XRP

Meanwhile, another chart included in his analysis focused on Bitcoin’s recent structure and suggested BTC recently experienced a bull trap followed by a bearish retest near the 50-week EMA.


ChartNerd maintained that XRP remains vulnerable regardless of Bitcoin’s short-term direction because XRP/BTC continues declining during both bullish and volatile market conditions. In conclusion, the analyst stated that XRP must regain strength against Bitcoin before any sustained breakout becomes realistic.


Also Read: Crypto Market Holds Firm as XRP and Bitcoin Extend Weekend Momentum


The post Top Analyst Expresses Bitter Truth to XRP Community: Why XRP Has Been Trading Sideways appeared first on 36Crypto.

1h ago
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bearish:

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