XRP Hourly Death Cross Signals Short-Term Selling: What to Expect?

Recent volatility in the crypto market, triggered by a wave of selling following upward gains and macroeconomic instability, has led to a decline in XRP price. The cryptocurrency dipped from $3.35 on Thursday to $3 on Friday before rebounding. This downward trend was punctuated by the formation of a death cross on XRP’s hourly chart, raising concerns about potential short-term selling pressure. Currently, XRP is trading under pressure, and traders are watching whether this technical indicator will spark deeper losses or just a brief period of consolidation.