XRP has officially entered a bear market against Bitcoin (BTC), according to a critical technical breakdown observed on the monthly XRP/BTC chart. The price has slipped below the midline of the monthly Bollinger Bands, a key level around 0.00002050 BTC that is often treated as the "on-off switch" for XRP's major market cycles.
This breakdown suggests the market structure now favors Bitcoin, with the altcoin's rallies becoming suspect. The analysis points to the lower Bollinger Band near 0.0000081 BTC as the next potential magnet for price action. From the mid-band level, this projects a potential decline of approximately 59% for the XRP/BTC pair if the bearish trend fully materializes.
Context adds weight to this signal. The chart indicates XRP is coming off a prior expansion phase and has spent months in choppy, weakening price action while the Bollinger Bands widened. Losing the mid-band in this environment is interpreted as a sign that capital is flowing back into Bitcoin. The validity of this bearish call hinges on the upcoming monthly close; holding above the mid-band would negate the signal, while a failure could confirm the path toward the lower band.
Separately, in USD terms, XRP is also showing weakness. Over the last 24 hours, its price declined by 1.5% to trade at $1.4248. Analysis of the XRP/USD chart suggests the price made a false breakout of the $1.3858 support level. In the near term, sideways trading between $1.40 and $1.45 is considered the most likely scenario. However, from a mid-term perspective, seller pressure remains relevant, with a risk of correction toward the $1.20 zone if the weekly candle closes near the $1.2543 support.
