As reported by FinBold, the XRP price formed a Death Cross on the daily chart on November 27, with the 50-day SMA crossing below the 200-day SMA. Historically, this pattern has led to price drops of up to 15%, potentially pushing XRP toward $1.50 from its current level of $2.17. Analyst Umair noted consolidation between $1.90 and $2.08 as a key decision range, with a breakdown possibly triggering a sharp decline. The broader crypto market, including Bitcoin and Ethereum, is currently rising, but XRP remains under $2.30 resistance. Exchange-held XRP reserves have also declined, suggesting reduced sell pressure in the long term.
XRP Price Forms Death Cross, Potential Drop to $1.50 Implied
FinboldShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.