Market Indicators and Current Price Action
XRP struggles as a death cross confirms deepening bearish market momentum. Technical pressure mounts with support breaking near the $2.26 zone. Analysts warn further decline is likely without a strong recovery above key averages.
A new wave of caution has swept through the XRP market after a distinct death cross appeared on its daily chart. According to a recent analysis on TradingView, the 50-day moving average crossed below the 200-day mark, confirming a bearish setup that has been building since early October. This formation has historically marked the beginning of extended declines, as traders often retreat and speculative interest fades.
Currently, XRP is struggling to hold above critical support levels. The price has slipped under the $2.40 zone and is consolidating around $2.26. Analysts note that the breakdown of a descending triangle pattern, followed by a failed attempt to recover the 100-day moving average, has intensified the negative outlook. This combination suggests persistent weakness unless strong buying pressure emerges soon.
Momentum Weakens as Market Confidence Declines
Resistance is stacking across multiple price levels, adding more weight to the bearish tone. The $2.50 region recently acted as a firm rejection point, confirming sellers’ control. Despite a brief rally attempt, momentum indicators such as the Relative Strength Index remain subdued near 40, reflecting a lack of strength among buyers.
Besides, the ongoing decline in liquidity across underperforming altcoins has amplified XRP’s technical challenges. Analysts highlight that Ripple’s fundamentals have not provided a new narrative strong enough to offset the market’s current sentiment. As a result, short-term traders continue to exit positions, while long-term holders are maintaining cautious optimism.
Outlook Points Toward Further Weakness
The downside risk remains significant, with projections pointing toward the $2.00 to $1.90 range if selling pressure accelerates. A convincing recovery above both the 50-day and 200-day moving averages would be required to reverse this bearish setup. However, such a move would need renewed investor interest and a clear market catalyst, both of which appear absent for now.
At the moment, XRP’s technical structure favors continued softness. Any sustained rally attempts could be short-lived unless the asset decisively breaks above the current resistance zone. The death cross now stands as a warning that recent rebounds may have been temporary pauses in an ongoing downward phase.