XRP News Today: XRP Faces Impending Death Cross: Falling Below $1.82 Could Lead to a 15% Decline

XRP Faces Potential Downturn Amid Bearish Technical Signals

XRP, currently the third-largest cryptocurrency by market value, is encountering increased selling pressure as market analysts warn of a possible 15% price drop. This concern is fueled by the emergence of a "death cross" pattern—a technical signal often associated with significant declines. Crypto trader Umair has pointed out that XRP is now at a pivotal stage, with its price fluctuating within a narrow band between $1.90 and $2.08.

According to Umair, this consolidation range is crucial. If XRP continues to trade within these boundaries, it could establish a month-long base, potentially setting the stage for a recovery. However, should the price fall below $1.82, it may trigger a deeper correction, reminiscent of the previous 15% decline that followed a similar death cross event.

The death cross occurs when the 50-day moving average drops beneath the 200-day moving average, signaling bearish momentum. Umair notes that this pattern, combined with subdued trading activity and market indecision, could intensify downward pressure on XRP.

Historically, when these conditions last appeared, XRP dropped to $1.50—a level Umair now identifies as a possible target if the current support fails. Analyst CasiTrades adds that the $1.65 Fibonacci support could serve as a potential floor. She suggests that XRP’s price movement fits a corrective pattern, which might see a brief retest of the $2.09 resistance before completing its downward move.

Key Technical Levels to Watch

The $1.82 mark is now the focal point for traders. If XRP briefly dips below this level but quickly recovers within the $1.90–$2.08 range, it could help stabilize the price. Conversely, a sustained close beneath $1.82 would undermine bullish hopes and could lead to a sharper decline.

Recent trading has been mixed. XRP managed to reclaim the $2 level after a 5% surge on November 25, following the introduction of two XRP ETFs on NYSE Arca. Despite this, the overall cryptocurrency market remains fragile, with both Bitcoin and Ethereum showing signs of losing momentum.

Market Indicators and Broader Outlook

XRP’s vulnerability is heightened by thin liquidity between $2.00 and $2.30. Recent analysis shows the Relative Strength Index (RSI) holding steady at 46, suggesting a lack of clear direction, while the MACD has issued a buy signal. Nevertheless, these positive indicators are overshadowed by the bearish implications of the death cross and the absence of significant institutional buying.

Investors are also contending with broader economic uncertainties, including Bitcoin’s performance and potential regulatory changes in the U.S. Although the launch of XRP ETFs temporarily pushed the price to $2.2551, analysts believe that sustained upward movement would require a breakout above $2.36, which aligns with the 50-day exponential moving average. Without a strong catalyst, XRP remains susceptible to further volatility.

What Lies Ahead for XRP Holders

The coming weeks will be critical for XRP investors. If the death cross is confirmed and the price falls below $1.82, a move toward $1.50 or $1.65 becomes increasingly probable. The narrow trading range between $1.90 and $2.08 is a key battleground; failure to maintain support here could accelerate losses, while holding this zone might allow for a more gradual correction.

As the cryptocurrency market seeks direction, XRP’s performance will be closely watched as an indicator of overall sentiment. With institutional interest in alternative coins fading and Bitcoin’s rally slowing, XRP faces mounting pressure to either stabilize or risk another wave of selling. For now, the $1.82 level stands as the most significant threshold in this high-stakes technical scenario.