XRP Swept The Bear Market Lows Against Bitcoin, Continuing The Fall

XRP swept the Bear market lows against Bitcoin as it continued to fall to new lows on the BTC trading pair. will the top cryptocurrency still continue crashing the Ripple crypto market capital or will things reverse for this altcoin? Let’s find out in our Ripple price news.

While Bitcoin shoots off to new 2020 highs, XRP went on with dropping against the number one cryptocurrency. XRP is an anomaly on the market and now the fourth-ranked crypto asset has been so stagnant that even Tether grew its market share more than ripple has. While Ethereum and DeFi tokens exploded in the summer months, XRP did very little and with BTC booming now, the altcoin is going nowhere on the USD pair.

On the BTC trading pair, it keeps setting new bear market lows making it obvious that the first-ever cryptocurrency is more in demand than Ripple. Bitcoin’s latest rally has caused many altcoins to bleed out across the board with XRP taking some of the worst hits. Ethereum and other top altcoins recovered against bitcoin over the year while Ripple set new lows. The latest bear market low or the first bull market low, reached under 1600 sats. The low also interestingly coincided with the lows after BTC reached $20,000 and the tides turned into the altcoins season.

XRP’s woes seem like they will never end as crypto investors are calling for the death of the centralized currency but it could only be a signal of capitulation. Coinciding with the sweep of lows, the whales are accumulating and the crypto asset formed a hidden bullish divergence on the weekly timeframes against BTC.  The signal is on the Relative Strenght Index on the trading pair which stretches back to September 2019 when BTC soared to $13,800 and left altcoins far behind.

Bitcoin is now above the price level again, prompting another fall to deeper depths so can this be considered as the end of Ripple or XRP will soar against BTC once the bullish signal confirms as XRP swept the bear market lows?