Bitcoin News Today: XRP Hourly Death Cross Marks 12% BTC Drop as Whales Accumulate 280M Tokens

Generated by AI AgentCoin World
Thursday, Jul 24, 2025 1:01 pm ET1min read
BTC
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XRP
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Aime RobotAime Summary

- XRP's hourly chart against Bitcoin formed a death cross as the 50-hour MA fell below the 200-hour MA, signaling short-term bearish momentum amid $976M+ market liquidations.

- Price dropped 12% to 0.00002598 BTC but rebounded near a key support level at 0.00002517 BTC, suggesting potential for a temporary correction rather than a trend reversal.

- Whale activity shows 280M XRP accumulation by institutional investors over ten days, indicating confidence despite broader sell-offs and suggesting possible stabilization or recovery.

- Analysts highlight the critical balance between bearish technical indicators and bullish whale behavior, with price action above 0.00002517 BTC determining XRP's immediate trajectory.

XRP’s hourly chart against

Bitcoin
has formed a death cross, a technical indicator typically viewed as a bearish signal, amid heightened selling pressure in the cryptocurrency market. The 50-hour moving average crossed below the 200-hour moving average, marking a key bearish reversal pattern on a shorter-term timeframe. While hourly charts are less indicative of long-term trends, this development coincides with broader market liquidations exceeding $976 million, amplifying volatility and accelerating downward momentum for
XRP
. The token’s price fell sharply from 0.00002962 BTC to 0.00002598 BTC within hours, with its USD value dropping approximately 12% during the same period [1].

Despite the bearish technical signal, XRP showed signs of resilience, rebounding from a low of 0.00002517 BTC, a level acting as a short-term support zone. This bounce suggests that the recent decline may not represent a definitive trend reversal but rather a temporary correction. Historical context reveals XRP maintained an upward trajectory against Bitcoin from July 6 to July 17, peaking at 0.00003070 BTC before encountering resistance. Analysts note that if buying pressure persists, the current support level could serve as a catalyst for renewed bullish momentum [1].

Meanwhile, whale activity has drawn attention to potential recovery signals. According to COINOTAG sources, institutional investors have accumulated over 280 million XRP tokens in the past ten days, indicating confidence in the asset despite the broader sell-off. This accumulation, combined with elevated trading volumes accompanying the recent rebound, suggests that large holders are positioning for a potential stabilization or upward move. Analysts highlight that such behavior often precedes price corrections or sustained recoveries, providing counterbalance to bearish technical indicators [1].

The interplay between bearish and bullish factors creates a nuanced outlook for XRP. While the death cross and market-wide liquidations underscore short-term weakness, whale accumulation and strong support levels hint at a possible reversal. Traders are advised to monitor volume trends and price action closely, as the balance between these forces will likely determine XRP’s immediate trajectory. The token’s ability to hold above 0.00002517 BTC remains critical, with further declines potentially testing lower support thresholds. Conversely, a sustained rebound above 0.00002962 BTC could signal a resumption of the previous uptrend against Bitcoin [1].

Source: [1] [XRP Forms Hourly Death Cross Against Bitcoin Amid Market Sell-Off, Potential Rebound Signals Observed July 24, 2025] [https://en.coinotag.com/xrp-forms-hourly-death-cross-against-bitcoin-amid-market-sell-off-potential-rebound-signals-observed/]