XRP Flirts With a Death Cross: How Holders Could Save the Rally
XRP faces a potential Death Cross, but increasing mid-term holder conviction suggests a possible rally similar to July 2025.Summary
XRP's price recovery is showing weakness, complicated by the looming technical bearish signal known as the Death Cross, where the 200-day EMA crosses above the 50-day EMA. Interestingly, the last time XRP's EMAs neared this pattern in July 2025, the token subsequently surged by 53%, suggesting a potential upside if confidence returns.
On-chain data supports a more optimistic view, as the HODL Waves chart indicates a notable increase in mid-term holders (6 to 12 months), suggesting short-term traders are becoming long-term investors. This shift implies strengthening conviction and reduced selling pressure, which could counteract the bearish technical signal.
Currently trading around $2.55, XRP needs to break resistance at $2.64 to confirm upward momentum; failure to do so, especially if the Death Cross materializes, could lead to a correction toward $2.35. However, continued investor maturity could see XRP replicate its past breakout, targeting $2.75 and $2.85.
(Source：BeInCrypto)