© Reuters. XRP Price Signals to Enter “Death Cross” Mode Soon
- price is going to enter a new “death cross” in the next few days.
- XRP’s 50-day SMA would fall dramatically below the 200-day SMA in the upcoming days.
- Analysts see the XRP’s death cross movement to be a bearish market indicator.
Based on a closely watched XRP current price chart, XRP has set to form a “death cross” in five months. Looking at the behavior of the chart, crypto analysts have mentioned that the upcoming “death cross” movement of the XRP price could cause a bearish market.
In particular, the 50-day Simple Moving Average (SMA) pattern of the XRP’s price is predicted to fall below its 200-day SMA. In fact, analysts expect this downward trend of the XRP price to occur in the next few days.
On the other hand, the chart also suggests a deeper sell-off. In fact, the sell-off signals a clearer confirmation of the upcoming bearish death cross. Casting our mind back, there have been several death cross incidents over time.
Even the …
Continue reading on CoinQuora
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Credit: Source link
Bitcoin 
Ethereum 
XRP 
Tether 
Solana 
BNB 
USDC 
Dogecoin 
Lido Staked Ether 
TRON 
Cardano 
Wrapped stETH 
Chainlink 
Wrapped Beacon ETH 
Wrapped Bitcoin 
Hyperliquid 
Ethena USDe 
Sui 
Figure Heloc 
Avalanche 
Stellar 
Wrapped eETH 
Bitcoin Cash 
WETH 
Hedera 
LEO Token 
Litecoin 
Toncoin 
USDS 
Cronos 
Shiba Inu 
Binance Bridged USDT (BNB Smart Chain) 
Coinbase Wrapped BTC 
Polkadot 
WhiteBIT Coin 
Ethena Staked USDe 
World Liberty Financial 
Monero 
Uniswap 
Mantle 
Ethena 
Dai 
Aave 
Bitget Token 
Pepe 
MemeCore 
OKB 
Jito Staked SOL 
NEAR Protocol 
Bittensor