XRP Crash Brewing? Prices Continue to Print 'Lower Highs' Alongside New Highs in Bitcoin

This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar ￰0￱ cryptocurrencies typically move in tandem with bitcoin (BTC), but the magnitude of their price swings often ￰1￱ payments-focused XRP as an ￰2￱ July, every upswing in Bitcoin has triggered rallies in XRP; however, XRP has consistently produced "lower highs." A lower high occurs when a price peak is lower than the previous one, indicating weakening buying ￰3￱ persistent pattern of lower highs in XRP, alongside bitcoin’s new highs, signals underlying weakness in XRP’s momentum – a sign of less conviction among XRP buyers compared to ￰4￱ suggests that XRP may be vulnerable to sharper losses during bitcoin ￰5￱ embarked on a sharp rally in late September, reaching a new high of over $126,000 on ￰6￱ also saw buying interest, but its upswing peaked at $3.10 – well below its September high of $3.19.

XRP had formed a similar lower high in mid-August, when bitcoin surged to its then-all-time high of $124,000. This series of lower highs in XRP since July, occurring against the horizontal support zone of $2.65–$2.70, suggests weakening buyer ￰7￱ other words, with each lower high, the likelihood of XRP breaking below this support zone and potentially triggering a deeper sell-off to $2.00 ￰8￱ need to top the latest lower high of $3.10 with high volumes to invalidate the bearish ￰9￱ said, as of now, the weekly MACD histogram, a key indicator for assessing trend strength and potential reversals, supports the bearish ￰10￱ crossed below the zero line last month and is now producing progressively deeper bars beneath zero, signaling strengthening downward momentum.