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CoinGape 2025-04-15 14:29:02

BTC, ETH, XRP Price Prediction: S&P 500 Forms First Death Cross Since 2022

Cryptocurrencies like Bitcoin, Ethereum, and Ripple held steady on Tuesday as the mood in the market improved after tariff reprieve. However, these coins may be affected by the performance of the stock market after the S&P 500 index formed the first death cross pattern since 2022. This article provides an in-depth BTC, ETH, and XRP price prediction after this cross happened. S&P 500 Index Forms Death Cross The S&P 500 index has bounced back from its lowest point this month. This recovery happened after Donald Trump delivered a 90-day pause of his tariffs to over 70 countries. The gains then continued on Monday after he offered some of exemptions to his tariffs meaning that he is a bit flexible on his policy. The risk, however, is that, as shown below, the S&P 500 index’s fundamentals have worsened in the past few days. Precisely, it has formed a death cross pattern for the first time since 2022. This pattern forms when the 50-day and 200-day moving averages cross each other. The death cross means that the index may continue falling in the coming months. For example, the last time this pattern formed in 2022, the index crashed by over 17%. A similar crash would likely lead to more volatility in the crypto market since the two industries are highly correlated. XRP Price Technical Analysis The XRP price has done well in the past few days as it jumped from a low of $1.6270 to the current $2.2. It has already jumped above the 200-day moving average and the neckline of the head and shoulders pattern, a popular risky pattern. However, the coin has three key risks. First, it has formed a head and shoulders pattern , a popular bearish sign in the market. It is yet to invalidate this pattern, a move that needs to happen when it rises above $3. Second, XRP price remains below the 50-day moving average, which has become a crucial resistance level. Further, the coin is below the upper side of the descending channel, a popular bearish sign. Therefore, the most likely XRP price prediction for now is bearish because of the H&S pattern. This view will become invalid if it drops below the neckline at $1.955 and this month’s low of $1.62. XRP price chart BTC Technical Analysis BTC price has moved sideways in the past few days as the tariff relief failed to provide a clear catalyst. Bitcoin’s risk is that, like the S&P 500 index, it is about to form a death cross as the 200 and 50 EMA are about to cross each other. If this happens, then the coin may lose momentum and resume the downtrend, reaching a low of $74,500, its lowest point this month. A move above the two moving averages will invalidate the bearish outlook and raise the odds of it moving to $90,000. BTC price chart ETH Price Technical Analysis Meanwhile, the ETH price has remained under pressure in the past few months as it tumbled from a high of $4,090 in December to the current $1,630. It formed a death cross pattern in February, which explains why it has crashed in the past few months. ETH Price Chart There are signs that the coin is forming a bearish pennant pattern, which is made up of a vertical line and a symmetrical triangle pattern. This patten means that the most likely ETH price prediction is bearish, with the next level to watch being at $1400. The post BTC, ETH, XRP Price Prediction: S&P 500 Forms First Death Cross Since 2022 appeared first on CoinGape .

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