XRP Price Faces Further Decline Amid Death Cross Signal and Weak On-Chain Activity
XRP’s price outlook has turned increasingly negative, with technical and on-chain signals both flashing warnings for traders. Recent data show a sharp 90% drop in on-chain payment volume, indicating declining network utility and possible reduced institutional demand. Technically, XRP has formed a ’death cross’ pattern, where the 23-day moving average fell below the 50-day moving average, signaling a loss of short-term momentum. The price is now trading around $2.24, down over 1% daily and extending declines from a $3 high. Key resistance at $2.35 remains unbroken, while low trading volumes and failure to stay above the 50, 100- and 200-day EMAs further undermine buyer confidence. Immediate support lies in the $2.20–$2.18 range, and a break below could see XRP test $2 or dip toward $1.80–$1.90. Analysts suggest that only a close above $2.35 would revive bullish momentum, while a sustained downtrend in both price and on-chain metrics creates a challenging environment for XRP through 2025. Traders—especially those using leverage—should actively monitor support and resistance zones as well as trading volumes for possible shakeouts or further downside risk.
Bearish
XRP’s price outlook appears bearish due to multiple converging negative signals. The pronounced decline in on-chain payment volume suggests weakening usage and potentially dwindling institutional interest—both bearish fundamental indicators. On the technical side, the emergence of a death cross and failure to break key resistance levels at $2.35, combined with low volume and a struggle to stay above crucial moving averages, point to sustained weak momentum. Immediate support is fragile, and a breakdown below $2.18 could open the door to further losses toward $2 or even $1.80. While a rising 200-day moving average offers some longer-term optimism, current signals suggest increased risk of short-term downside. Traders, particularly those active in leveraged or short-term strategies, should exercise caution, as further drops or volatile shakeouts remain likely unless sentiment and volume improve.