XRP Faces Renewed Bearish Pressure as Death Cross Signals Potential Downtrend

XRP is once again under technical strain as a death cross pattern appears on its daily chart—a signal often preceding extended bearish phases. The pattern occurs when the 50-day moving average dips below the 200-day moving average, reflecting weakening market momentum after several failed breakout attempts in recent months.

Currently trading around $2.54, XRP is consolidating within a tightening ascending triangle, with strong resistance seen near the $2.70–$2.80 range. This area, defined by the 100-day and 200-day moving averages, has repeatedly blocked upward movement, creating a significant hurdle for bullish traders. Meanwhile, structural support remains limited beneath current price levels, suggesting the asset could soon make a decisive move.

Trading volume remains subdued compared to earlier this year, indicating market indecision as traders await clear directional signals. The Relative Strength Index (RSI) stands near 48, reflecting a neutral sentiment—neither overbought nor oversold. However, historically, death cross formations have often shifted this neutrality toward bearish outcomes when accompanied by low momentum and declining interest.

If XRP fails to break through the $2.80 resistance, analysts warn of a potential continuation toward $2.35 or even $2.10, both of which have served as critical support zones in the past. Conversely, a successful breakout above $2.80 could invalidate the bearish outlook and open the path for a $3.00 retest, though this would require a substantial increase in buying activity.

As XRP traders watch closely, the return of the death cross reinforces the cautious sentiment surrounding the token, with technical indicators favoring a bearish-to-neutral outlook unless bullish momentum resurfaces.