XRP is nearing a potential 'death cross' as its 50-day moving average approaches a bearish crossover with the 200-day moving average. The cryptocurrency has struggled to surpass the $2.7 resistance level, and technical indicators such as the Chaikin Money Flow (CMF) and Awesome Oscillator point to ongoing downward momentum.
Increased whale activity and weak exchange inflows are contributing to the bearish sentiment, with XRP's price potentially sliding toward $2 or even $1.61 if the current trend persists. This technical setup suggests further challenges for XRP in maintaining its recent price levels.
XRP Approaches 'Death Cross' Amid Price Decline
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