{"id":1301,"date":"2025-05-28T21:50:52","date_gmt":"2025-05-28T21:50:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-nears-four-month-low-as-death-cross-looms-against-bitcoin\/"},"modified":"2025-05-28T21:50:53","modified_gmt":"2025-05-28T21:50:53","slug":"xrp-price-nears-four-month-low-as-death-cross-looms-against-bitcoin","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-nears-four-month-low-as-death-cross-looms-against-bitcoin\/","title":{"rendered":"XRP price nears four-month low as death cross looms against Bitcoin"},"content":{"rendered":"
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XRP price has continued its strong downtrend, reaching its lowest level since February 3.\u00a0<\/p>\n

Ripple (XRP) coin dropped to 0.000021 against Bitcoin (BTC), down by 37% from its highest point this year.\u00a0<\/p>\n

XRP has lagged behind Bitcoin, which has surged to a record high, bolstered by strong fundamentals. Demand for Bitcoin continues rising, with spot ETFs recording inflows<\/a> for the past seven consecutive weeks. They have now accumulated $44.91 billion in inflows, bringing total assets to $132 billion.<\/p>\n

Companies are also continuing to buy Bitcoin. Strategy now holds over 580,250 BTC, while GameStop just bought 4,710 BTC. Trump Media is raising $2.5 billion to buy Bitcoin. Other firms accumulating BTC include Semler Scientific and the Blockchain Group.<\/p>\n

<\/p>\n

XRP, however, has also experienced notable catalysts this year. The most significant was the resolution of the SEC vs Ripple case, which removed one of the network\u2019s biggest hurdles since 2020.\u00a0<\/p>\n

The end of the lawsuit enables Ripple Labs to enter into more agreements with U.S. companies as it continues its push to compete with Swift. In a recent statement, CEO Brad Gariinghouse said the company made more deals in the six weeks following the ruling than in the prior six months.<\/p>\n

Ripple Labs also acquired Hidden Road in a deal that positions it as one of the largest prime brokers. It hopes to move the $10 billion that Hidden Road handles daily onto the XRP Ledger.<\/p>\n

Meanwhile, the Ripple USD stablecoin is slowly gaining market share, with its market cap rising to nearly $310 million. Ripple Labs aims for the stablecoin to become a major player in the payments space.<\/p>\n

XRP price technical analysis<\/h2>\n
<\/source><\/p>\n<\/picture>
XRP price chart | Source: crypto.news<\/figcaption><\/figure>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

XRP price has continued its strong downtrend, reaching its lowest level since February 3.\u00a0 Ripple (XRP) coin dropped to 0.000021 against Bitcoin (BTC), down by 37% from its highest point…<\/p>\n","protected":false},"author":1,"featured_media":252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1301"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1301\/revisions"}],"predecessor-version":[{"id":1302,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1301\/revisions\/1302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/252"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}