XRP Bulls Face Warning Signal: Death Cross Suggests Downward Trend

A ‘death cross’ has emerged on the XRP chart, signaling potential downside movement for bulls. The 23-day moving average (green) crossed below the 50-day (blue) on the daily timeframe, a pattern often associated with bearish continuation or weakening uptrends. As of now, XRP is trading at around $2.21 after recovering from last week’s dip to $2.07, yet still sits below both moving averages. While a death cross doesn’t guarantee a drop, it typically encourages caution in sellers and puts bulls on the defensive, especially when coupled with hesitant price action.