XRP Death Cross Suggests Possible Downside Risk Amid Resistance Near $2.27, Analysts Advise Caution
The post XRP Death Cross Suggests Possible Downside Risk Amid Resistance Near $2.27, Analysts Advise Caution appeared on BitcoinEthereumNews.com. A significant technical indicator known as the “death cross” has emerged on the XRP daily chart, signaling potential bearish momentum ahead. Currently trading around $2.21, XRP faces dual resistance at the 23-day and 50-day moving averages, which could hinder any immediate upward movement. According to COINOTAG analysis, the death cross often prompts caution among traders, as it typically precedes a weakening uptrend or further downside pressure. XRP’s recent death cross signals possible bearish continuation, with key resistance at $2.27 challenging bulls amid subdued volatility and cautious market sentiment. ‘, ‘
The post XRP Death Cross Suggests Possible Downside Risk Amid Resistance Near $2.27, Analysts Advise Caution appeared on BitcoinEthereumNews.com.
A significant technical indicator known as the “death cross” has emerged on the XRP daily chart, signaling potential bearish momentum ahead. Currently trading around $2.21, XRP faces dual resistance at the 23-day and 50-day moving averages, which could hinder any immediate upward movement. According to COINOTAG analysis, the death cross often prompts caution among traders, as it typically precedes a weakening uptrend or further downside pressure. XRP’s recent death cross signals possible bearish continuation, with key resistance at $2.27 challenging bulls amid subdued volatility and cautious market sentiment. ‘, ‘
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