XRP Death Cross Signals Bearish Pressure Below Key Resistance

XRP is flashing a bearish signal on the daily chart that traders shouldn’t ignore. A "death cross" has appeared, where the 23-day moving average has crossed below the 50-day — a classic sign of potential downside continuation or weakening momentum.

Currently trading around $2.21, XRP has rebounded slightly from last week's dip to $2.07. However, the price remains under both key moving averages, with the 50-day sitting near $2.27. These levels now act as dual resistance, and unless XRP breaks above them with strong buying volume, the bounce may fade quickly.

Death crosses don’t guarantee a drop, but they often trigger caution among bulls and fuel bearish sentiment, especially when paired with sluggish price action. XRP’s recent rallies have lost steam quickly, and volatility remains subdued — suggesting a market in waiting mode.

The current trend reflects more than just a short-term pullback. XRP has been drifting lower for several weeks, forming lower highs and struggling to hold gains. While optimism lingers over potential developments like a possible XRP ETF filing by BlackRock, the technical landscape remains fragile.

Short-term traders should tread carefully. Chasing green candles before a confirmed breakout above $2.27 may lead to disappointment. Until that resistance is cleared, the death cross stands as a warning sign. Momentum is uncertain, and downside risk persists.

In technical analysis, patterns like the death cross can shape sentiment and trading behavior. For XRP, this could mean continued selling pressure unless bulls reclaim key levels. As always, traders should combine chart signals with broader market context to navigate volatility effectively.