XRP Forms Death Cross on Daily Chart — How Low Could It Fall?
XRP confirmed a death cross on the daily chart after the 50-day moving average crossed below the 200-day, a classic signal that typically favors extended selling. The development comes amid risk-averse sentiment across crypto markets, with lower trading volume on rallies and heightened outflows for short-term holders. That mix has increased downside pressure and left technicals vulnerable to further deterioration.
Technically, the setup makes a deeper correction more likely, with XRP at risk of revisiting recent swing lows and key support zones unless buying interest returns. Correlation with Bitcoin will be a key macro driver — a BTC rebound could cap losses, while further BTC weakness would likely exacerbate the slide. Traders should watch volume, on-chain flows and moving-average behavior for early signs of stabilization; the near-term signal is cautionary rather than definitive.