bullish

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Technical analysts know that a death cross involving the 50-day and 200-day exponential moving averages (EMAs) is a bearish signal, and that is what XRP is facing. This predicament developed after <a href="https://u.today/shiba-inu-shib-hiding-enormous-potential-xrp-could-be-back-but-theres-catch-vital-bitcoin-btc" rel="noopener noreferrer nofollow">XRP</a> was unable to profit from a bullish breakout from the symmetrical triangle, a move that would have raised the price of the cryptocurrency. <img alt="XRPUSDT" data-entity-type="file" data-entity-uuid="7906fa5a-4fc1-4d1e-809f-97cee04a03c2" src="https://u.today/sites/default/files/inline-images/image_1284.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">XRP/USDT Chart by TradingView</a>
Rather, the asset has undergone a substantial breakdown, and the EMAs are currently indicating a downward trend, which is paving the way for additional downside pressure. When the 200-day moving average crosses below the 50-day moving average, it forms a death cross, which is frequently interpreted as a sign of protracted bear markets.&nbsp;
Given the downward trends of both moving averages, XRP may be about to experience a longer-lasting decline. Recent trading sessions have seen a sharp increase in the selling volume, indicating that there is currently little-to-no buying support on the <a href="https://u.today/dogecoin-founder-reacts-to-crypto-market-crash-unexpected-take" rel="noopener noreferrer nofollow">market</a>.&nbsp;
<h2 dir="ltr" id="key-price-points">Key price points&nbsp;</h2>
At the moment <a href="https://u.today/3-xrp-price-levels-to-watch-as-it-aims-for-05" rel="noopener noreferrer nofollow">XRP</a> is trading close to $0.54, which has emerged as a crucial resistance level. This price is in very close alignment with the downward-trending 100-day EMA. If XRP is unable to breach this barrier, it can be a sign of additional market weakness and a move lower for the asset.
One important area of support is at $0.50. A breach of this psychological barrier would intensify the bearish trend and might put more pressure on sellers. If <a href="https://u.today/opinions/will-xrp-price-revover-amid-secs-appeal" rel="noopener noreferrer nofollow">XRP</a> is unable to hold onto $0.50, the market's negative sentiment could cause it to rapidly decline toward even lower levels.
The final line of defense is $0.46. At a lower level of historical support, or $0.46, is the location of the next significant support. A decline to this level would indicate that XRP has started a more serious correction, and as traders expect a long-term bearish trend, the death cross might lead to further downside pressure.

Should XRP Get Ready for Death Cross? Price Analysis

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