Oh, I say, that mischievous alternative cryptocurrency known as XRP has just popped up with a rather rare old death cross against Bitcoin, wouldn’t you know? The 50-day average has slithered right beneath the 200-day at a paltry 0.00002380 BTC, the very spot that rudely halted that splendid summer frolic back in the day. Tsk tsk! 💸😏
Behind this positively alarming headline lurks not merely the gloomy “death cross” label-sounds like something out of a frightful adventure novel-but the beastly setup: the 200-day line has gone negative for the first time since July, and the 100-day at 0.00002320 BTC is jolly well sniffing around for the next crossing. What ho? 📈😒
When this identical dodge reared its head in June 2025, XRP/BTC took a nasty tumble of 6.4% in a mere 16 days, dropping from 0.00002280 BTC to 0.00002130 BTC before the blessed bottom appeared. Today’s configuration rather cheekily mirrors it almost point for point: three dashed attempts above 0.00002390, an RSI loitering near 49, and nary a peep of volume increase despite those merry green candles. How utterly sporting of it to repeat the old tricks! 🌊😶
Worst and best scenarios
Should the pattern decide to encore, the chart’s arithmetic suggests a retreat towards 0.00002050-0.00001950 BTC, which, with Bitcoin’s current whimsical valuation, translates to roughly $2.26-$2.33. A definitive slump below 0.00002100 BTC would seal the deal for a full bearish binge, quite probably hoisting Bitcoin’s dominance past 55% before mid-month. Sounds a bit like the butler pointing out the silverware, doesn’t it? 🏦😨
The bullish chaps have but one dashed avenue of escape-a robust break and hold above 0.00002384 BTC, bolstered by volume, naturally. That would sprinkle fairy dust on the death cross’s grave and fling open the gates to 0.00002500 BTC or $2.75. Anything short of that, and XRP remains trapped in its own resistance conundrum, like Jeeves forgetting the spare buttonhole. What a lark! 🎩😜
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2025-11-02 17:39