XRP has come under intense pressure after slipping into a sharp downtrend over the past seven days. The token dropped by 8.22 percent, falling from $2.34 to briefly test the $2.10 support level.
This decline followed the formation of a death cross, a technical signal where the nine-day Simple Moving Average crossed below the 21-day SMA. The pattern is usually interpreted as a warning that stocks may fall further.
Because prices are changing, traders are becoming more active. The number of XRP transactions went up by 11.72 percent, reaching $2.01 billion, showing that traders are still interested despite the downbeat mentions.
Recent market information shows that XRP has made a slight comeback, and its price is now at $2.15. The fact that prices noticed a tiny increase of 0.79 percent in 24 hours points to buyers’ efforts to bounce back.
XRP is under more pressure as the death cross pattern strengthens. Technical analysts believe that if the token cannot rise above key support, another decline is possible.
A move above the $2.20 level is now seen as a critical short-term objective. Climbing above this resistance could lead to renewed bullish momentum with a potential upside toward $2.45.
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Source: Tradingview
Bearish Sentiment Deepens as Traders Monitor Critical Price Levels
The death cross has intensified bearish sentiment, fueling panic among some traders. However, the volume spike tells a different story, hinting at continued interest and possible accumulation at lower levels.
If $2.10 breaches support, extra selling is likely, which would most likely mean the decline will get worse. Market observers believe that not maintaining their current levels could result in a major decline.
The appearance of the negative chart pattern does not stop the trading community from being active. The differences between technical signs and how the market operates make things more confusing now.
Since XRP is close to its key points of support and resistance, it should experience more volatility. Investors look for hints of improvement or more trouble.
XRP has seen its price fall, and the appearance of a death cross has worried traders, leading to widespread bearishness. Though volume may mean more interest, XRP will avoid declines and regain trust if it doesn’t fall below its current level.
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