XRP ‘death cross’ looms – Can bulls defend $2 before a deeper fall?
The Ripple (XRP) cryptocurrency is facing significant bearish pressure, indicated by worrying signals from technical analysis indicators. Notably, the alarming possibility of an XRP 'death cross' event may be in the offing, which could have a profound impact on the asset's price trends. A 'death cross' occurs when the 50-day moving average crosses below the 200-day moving average, traditionally interpreted by traders as a potent bearish signal that could lead to continued price declines.