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  4. XRP Price Signals to Enter “Death Cross” Mode Soon
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XRP Price Signals to Enter “Death Cross” Mode Soon

XRP price is going to enter a new “death cross” in the next few days. XRP’s 50-day SMA would fall dramatically below the 200-day SMA in the upcoming...
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XRP Price Signals to Enter “Death Cross” Mode Soon © Reuters. XRP Price Signals to Enter “Death Cross” Mode Soon

  • XRP price is going to enter a new “death cross” in the next few days.
  • XRP’s 50-day SMA would fall dramatically below the 200-day SMA in the upcoming days.
  • Analysts see the XRP’s death cross movement to be a bearish market indicator.

Based on a closely watched XRP current price chart, XRP has set to form a “death cross” in five months. Looking at the behavior of the chart, crypto analysts have mentioned that the upcoming “death cross” movement of the XRP price could cause a bearish market.

In particular, the 50-day Simple Moving Average (SMA) pattern of the XRP’s price is predicted to fall below its 200-day SMA. In fact, analysts expect this downward trend of the XRP price to occur in the next few days.

On the other hand, the chart also suggests a deeper sell-off. In fact, the sell-off signals a clearer confirmation of the upcoming bearish death cross. Casting our mind back, there have been several death cross incidents over time.

Even the ...

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01-05-2024 10:45:17 (UTC+7)

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Moving Avg:

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Indicators:

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1.0658

-0.0008 (-0.07%)

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157.91

+0.12 (+0.07%)

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Moving Avg:

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AUD/USD

0.6469

-0.0003 (-0.05%)

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1.3780

+0.0003 (+0.03%)

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168.32

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0.9808

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8,144.13

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17,763.03

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1,973.05

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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