XRP price go down more because of Death Cross sign and blockchain activity wey no too strong
XRP price don turn to bad bad side, as technical and on-chain signs dey show warning for traders. New data show say on-chain payment volume fall drastically by 90%, meaning network no dey useful like before and institutions no dey demand am much again. Technically, XRP don form 'death cross' pattern, where the 23-day moving average fall below the 50-day moving average, showing say short-term momentum don die. The price now dey trade around $2.24, don drop over 1% daily and still dey fall from $3 high. Key resistance for $2.35 still dey there, while low trading volumes and failure to stay above 50, 100, and 200-day EMAs dey make buyers no get confidence. Immediate support dey for $2.20–$2.18 range, and if e break below, XRP fit test $2 or even go down to $1.80–$1.90. Analysts talk say na only if e close above $2.35 e go bring bullish momentum back, while constant drop in both price and on-chain metrics go make XRP face serious wahala till 2025. Traders—especially those wey dey use leverage—supposed dey monitor support and resistance zones well well, and trading volumes too, to know if e go shake out or if e go fall more.
Bearish
XRP price wan look like e go fall because of plenty bad signs wey dey show. The way on-chain payment volume don dey drop show say dem no dey use am well again and institutional pipu no dey too interested – all dis na bad signs for fundamental. For technical side, death cross don show face and dem no fit break $2.35, wey be key resistance level, plus low volume and struggle to stay above important moving averages, all dis show say the momentum still weak. Immediate support no too strong, and if e fall below $2.18, e fit go down more to $2 or even $1.80. Even if 200-day moving average dey rise and give small long-term hope, current signs still dey point to more risk of short-term drop. Traders, especially those wey dey use leverage or short-term strategies, suppose dey careful, because more drops or sudden big movements fit still happen unless pipu mind and volume improve.