XRP Prices Plummet Amidst ‘Death Cross’ Triggering Fear, but Is It a Sign of More to Come?

The price of XRP has experienced a significant downturn over the past week, dropping by 8.22% from $2.34 to briefly reach $2.10. This decline is attributed to the formation of a ‘death cross’ technical pattern, where the nine-day Simple Moving Average (SMA) fell below the 21-day SMA. This pattern is typically seen as an indication of impending stock price declines. While XRP is experiencing volatility, trading activity remains active with increased transaction volume reaching $2.01 billion in the past 24 hours, suggesting trader interest despite the bearish sentiment.