๐ $XRP : Death Cross Warning, Could a Crash Be Looming? โ ๏ธ
XRP is showing signs of struggle. The Death Cross formed on November 27, with the 50-day SMA crossing below the 200-day SMA. Historically, this pattern has led to drops of up to 15%, potentially sending XRP down to $1.50 from its current price of $2.17. ๐ฌ
๐ Market analyst Umair points out that $XRP is stuck in a tight range between $1.90 and $2.08. A failure to hold this level could trigger a sharp drop, just like the pullback we saw earlier this month.
๐งฉ Despite a bullish crypto market today, XRP is capped under resistance at $2.30, with RSI at 46, indicating weakened momentum. However, decreasing exchange reserves could signal a potential bullish move in the long run. ๐
Will XRP bounce back, or is it headed for a deeper decline? ๐ค
