XRP Death Cross: Potential Price Drop Amidst Whale Selling and Market Uncertainty

Ripple’s XRP has recently crossed below its 50-day Simple Moving Average (SMA) on the 200-day SMA, signaling a potential bearish trend in the cryptocurrency market. This ‘death cross’ pattern raises concerns as whale dumping of XRP continues to impact investor sentiment. While Ripple Labs remains silent on this event, analysts predict a price drop of up to 15%, mirroring historical patterns triggered by similar technical signals. The wider cryptocurrency market, particularly Ethereum and Bitcoin, continues to perform well, contrasting XRP’s bearish trend.