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<a href="https://u.today/xrp-skyrockets-80-in-volume-as-price-turns-green" rel="noopener noreferrer nofollow">XRP</a>, the seventh largest cryptocurrency by market capitalization, has recently formed a "death cross" on its four-hour chart. This technical pattern occurs when a short-term moving average crosses below a long-term moving average and is regarded as a bearish signal.
A death cross typically involves the 50-period moving average crossing below the 200-period moving average. In the case of XRP, this pattern has emerged on the four-hour chart, suggesting that short-term price action is weakening relative to the longer-term trend. <img alt="TradingView" data-entity-type="file" data-entity-uuid="b4aac20b-2a56-4614-b213-074487279d29" src="https://u.today/sites/default/files/inline-images/12082024%200000_0.png"><a href="https://www.tradingview.com/x/e6azlx7N/" rel="noopener noreferrer nofollow">XRP/USD 4-Hour Chart, Courtesy: TradingView</a>
The appearance of a death cross on the XRP charts fuels concerns about XRP's short-term price trajectory.
However, it is important to note that while the death cross is a bearish indicator, it does not guarantee further declines. Market conditions, investor sentiment and external factors can all influence the price action, potentially counteracting the death cross signal.
<h2 id="what-s-the-xrp-price-in-for">What's the XRP price in for?</h2>
At the time of writing, XRP was down 0.23% in the last 24 hours to $0.576 and up 30% weekly. XRP currently presents a mixed outlook, with bulls and bears battling for supremacy.
<a href="https://u.today/xrp-records-223-spike-in-volume-as-crypto-liquidations-hit-1-billion" rel="noopener noreferrer nofollow">XRP's price</a> dipped after reaching highs of $0.643 on Aug. 8. The declines reached lows of $0.546 in yesterday's trading session, coinciding with the crypto market sell-off.
XRP is currently attempting a rebound, with prices reaching highs of $0.5799 in today's trading session. On the upside, any sustained recovery might face resistance at $0.643 and $0.659, which may act as a ceiling for price action.
The immediate support levels to watch are the daily moving average 200 at $0.544 and the daily SMA 50 at $0.533. If the XRP price falls below this level, it could trigger further selling pressure, potentially pushing XRP down to $0.432.

XRP Secures Death Cross on Hourly Charts, What's XRP Price in For?

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