This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Alternative cryptocurrencies typically move in tandem with bitcoin (BTC), but the magnitude of their price swings often differs.

Take payments-focused XRP as an example. Since July, every upswing in Bitcoin has triggered rallies in XRP; however, XRP has consistently produced "lower highs." A lower high occurs when a price peak is lower than the previous one, indicating weakening buying pressure.

This persistent pattern of lower highs in XRP, alongside bitcoin’s new highs, signals underlying weakness in XRP’s momentum – a sign of less conviction among XRP buyers compared to BTC. It suggests that XRP may be vulnerable to sharper losses during bitcoin pullbacks.

Bitcoin embarked on a sharp rally in

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