XRP Death Cross Reinforces Bearish Trend, Risks Drop to $1.90
On November 9, XRP formed a death cross on the daily chart as its 50-day moving average fell below the 200-day moving average, confirming a sustained downtrend. The price dropped below the $2.40 support level and now trades near $2.26, with resistance clustered at $2.50–$2.60. The RSI around 40 and declining volume signal weak buying momentum. Historically, similar death cross setups have led to 15–20% drawdowns, suggesting potential downside toward $1.90. Short-term traders may adopt bearish or cautious positions, while long-term holders could view deeper dips as accumulation opportunities if Ripple’s fundamentals improve. A renewed surge in volume or positive regulatory news is needed to break above key moving averages and invalidate this bearish outlook.
Bearish
The formation of an XRP death cross—where the 50-day moving average crosses below the 200-day average—coupled with a break of the $2.40 support and weak RSI around 40, indicates sustained bearish momentum. Declining trading volume further supports a potential drop toward $1.90, aligning with historical precedents of 15–20% pullbacks following similar technical setups. In the short term, traders may favor bearish positions or caution, while long-term holders might only step in on deeper dips if fundamentals improve. Without a significant catalyst such as increased volume or positive regulatory news to push XRP back above its moving averages, the market outlook remains skewed to the downside.