Solana and Polkadot Out of Ripple’s XRP: Here’s Why

The price of Ripple (XRP) has been trending sharply lower since posting year-to-date highs last month.

However, given the situation, this downward trend is likely to continue in the future as indicated by these investors.

Ripple lost institutional interest

The price of XRP over the past year has been heavily influenced by institutional investment inflows and outflows. But this year, the situation is different. Ripple appears to be losing interest in these institutions, which seems to have shifted to other altcoins, according to a CoinShares report.

The likes of Polkadot (DOT) and Solana (SOL) have seen much higher inflows than XRP in the past month. DOT revenue for March was $13.6 million. SOL reported $24.9 million in outflows from institutions, while XRP stood at just $3.8 million.

This bearishness is reflected in the price indicators Relative Strength Index (RSI) and Mean Consolidation Divergence (MACD).

RSI is a momentum oscillator that measures momentum and price change, indicating overbought and oversold conditions. MACD, on the other hand, is a trend-following momentum indicator used to identify bullish and bearish trends.

Both are currently in their respective bearish zones and may remain there, risking a death cross on XRP.

XRP Price Prediction: Death Cross

XRP price trading at $0.58 is noticing the formation of a death cross on the 12-hour chart. A death cross is bearish and occurs when the short-term 50-day exponential moving average (EMA) crosses below the long-term 200-day EMA.

This indicates a possible bearish trend for XRP, which may recover $0.58 as support and drop to $0.54.

Read more: Ripple (XRP) Price Prediction 2024/2025/2030

However, if the $0.58 level breaks into a support floor, XRP can bounce back above $0.60 to erase the bearish trend.