XRP's Bearish Trend Against Bitcoin Unfolds After February Slump

XRP's performance against major cryptocurrencies has been underwhelming in February, with a decline of over 16% against the US dollar. Furthermore, its ratio against Bitcoin fell below the middle Bollinger Band level on the monthly time frame.

This indicator suggests a bearish trend for XRP, as it separates trends for the token. The lower Bollinger Band stands at 0.00009775 BTC per XRP, which is currently 52.91% below the present valuation of the ratio between the two cryptocurrencies.

Historically, XRP has been on an upward trend against Bitcoin, but this recent decline indicates a reversal in its fortunes. Until there is a confident close above the middle band, expectations of XRP outperforming Bitcoin should remain limited.