XRP ryzykuje utratę 50% wartości w porównaniu z Bitcoinem po niekorzystnym zamknięciu miesiąca lutego
-
In February, XRP failed to deliver in any format. Against the U.S. dollar, XRP simply lost more than 16% in price. Another benchmark, namely its ratio against the leading cryptocurrency, Bitcoin, saw XRP finish the month below the middle Bollinger Band level on the monthly time frame, the one represented by the 20-month moving average, as per TradingView.
Bitcoin to take upper hand against XRP, as per Bollinger Bands
The principal importance of this level, as of any Bollinger Band average on any time frame, is that it effectively separates trends for the token. If an asset falls below the midline band, the prevailing trend can be considered bearish, and the lower Bollinger Band becomes the primary price benchmark.
For XRP against Bitcoin, that lower band stands at 0.00009775 BTC per XRP, which is currently 52.91% below the present valuation of the ratio between the two cryptocurrencies.
BITSTAMP:XRPUSD Monthly Chart with Bollinger Bands, Source: TradingView" "QuoteRef">BITSTAMP:XRPUSD Monthly Chart with Bollinger Bands, Source: TradingView">For comparison, more than a year ago, in January 2025, the XRP against Bitcoin ratio, after a three-month 380% rally, reached and even exceeded the upper Bollinger Band on the monthly time frame, peaking at 0.00003419 BTC per XRP.
Since then, XRP has not only declined by 40% from that level against its flagship counterpart, but, as stated at the beginning, has also fallen into the lower corridor drawn by the Bollinger Bands.
This hardly means that XRP will fall to the lower boundary in the near term, but until there is a confident close above the middle band, expectations of XRP outperforming Bitcoin, as it did over the previous two years, should remain limited.
Read original article on U.Today
source: https://www.tradingview.com/news/u_today:6cc4fb793094b:0-xrp-risks-losing-50-vs-bitcoin-after-unfortunate-february-closing/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Zarejestruj się Zaloguj się