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XRP Community Gets a Harsh Warning as Bitcoin Dominance Tightens
TL;DR
XRP has underperformed against Bitcoin for over three months, with BTC rising from $60,000 to $80,000. A technical analyst warns the XRP community about the widening gap between expectations and market reality.
Key points
- XRP has underperformed against Bitcoin since 2017
- Bitcoin rose from $60,000 to $80,000 in three months
- Analyst warns XRP community about market reality
Mentioned in this story
ChartNerd
XRP has spent the better part of three months going nowhere while Bitcoin (BTC) climbed from around $60,000 to $80,000, and one chart analyst is done pretending otherwise.
According to them, the gap between community expectation and actual market performance has rarely looked wider.
XRP Has Been Losing Ground to Bitcoin Since 2017
UK-based technical analyst ChartNerd laid it out plainly in a post on Monday:
“I’m sorry to break this to my $XRP community. I’m just tired of the constant hopium: we have been underperforming Bitcoin since 2017, with NO signs of any major rotation. In fact, over the last 3 months, BTC has climbed 60K-80K while $XRP/BTC has lost its 20 MEMA.”
That 20-period exponential moving average on the XRP/BTC pair is a metric traders use to track medium-term momentum in one asset relative to another. Losing it, as ChartNerd’s chart shows, puts the pair back toward the bottom of its long-term range.
Historically, that lower zone is where XRP has delivered its most explosive outperformance against Bitcoin, including the one in November 2024. But the analyst is careful not to spin that as a near-term buy signal. The pattern has to confirm first, and right now, the breakdown is what has confirmed.
“While BTC has climbed 60-80K, $XRP has done nothing but trend sideways, all while the XRP/BTC pair is breaking down,” ChartNerd added in a follow-up post.
In a separate May 21 update, the analyst noted the XRP/BTC pair had been declining for 15 consecutive weeks, directly explaining why XRP’s USD price had gone essentially flat over the same period.
“I expect $XRP will likely underperform against Bitcoin for the majority of the year,” he wrote.
Subdued Short-Term Outlook
The short-term picture is similarly subdued, with XRP trading around $1.36 at the time of writing, within a tight 24-hour range of $1.34 to $1.37.
ChartNerd has identified $1.30 as a key support level, and he expects resistance in the $1.40 territory on any recovery attempt, describing that zone as a potential support/resistance flip.
His longer-range bear case points toward the $0.90-$0.70 area if broader conditions deteriorate, while he has noted that XRP’s 2-week regression band lower boundary is currently sitting near $1.00.
Q&A
Why has XRP been underperforming compared to Bitcoin since 2017?
XRP has consistently lost ground to Bitcoin since 2017, with no signs of a major turnaround in performance.
What has been the recent price movement of Bitcoin?
Bitcoin has increased from around $60,000 to $80,000 over the past three months.
What warning did the analyst give to the XRP community?
The analyst warned the XRP community about the disconnect between their expectations and the actual market performance, emphasizing ongoing underperformance.
