XRP MVRV Ratio Death Cross Signals Steeper Correction Ahead
XRP’s MVRV Ratio has fallen below its 200-day MA, forming a death cross that signals rising selling pressure and a likely steeper correction. Since a mid-July peak of $3.65, XRP has slid 17% to around $2.99 and is down 6.5% over the past week. On-chain data shows spot volume down 23% to $4.83 billion, derivatives volume down 34%, while open interest edges higher.
Technical analysis reveals strong resistance at the 10- and 20-day EMAs near $3.02 and immediate support at $2.95, with further support around $2.80–$2.90. A break below these levels could push XRP toward $2.75 or $2.50. Traders tracking the XRP MVRV Ratio should monitor any further drops below the 200-day MA and key support zones, while a rebound above the 200-day MA may invalidate the bearish signal. Although the 50- and 200-day EMAs remain upward, preserving overall bullish momentum, the current death cross points to short-term bearish pressure.
Bearish
The XRP MVRV Ratio’s death cross indicates growing selling pressure and aligns with recent price declines, suggesting a higher risk of further short-term downside. Key support levels at $2.95 and $2.80–$2.90 may be tested, potentially extending losses toward $2.75 or $2.50. While the 50- and 200-day EMAs remain upward—preserving long-term bullish momentum—the immediate bearish signal is likely to weigh on trader sentiment and increase volatility. Unless XRP reclaims its 200-day MA, the outlook remains bearish.