XRP Death Cross Raises Concerns of Sharp Price Decline

A bearish technical signal has emerged for XRP, with the cryptocurrency’s short-term momentum facing a potential slowdown. The death cross pattern, where the 23-day moving average drops below the 50-day average, is indicative of growing pressure on the asset’s price chart. Following a significant dip early this week, XRP has been struggling to break through resistance levels and currently trades near $2.24 after an overall downturn.