XRP Slips to $2.25; Death-Cross Risk Builds After Whale Selling
CoinDesk
XRP dropped 6% to $2.25 following whale selling and a trendline break, increasing the risk of a bearish death-cross formation.Summary
XRP extended its decline by 6% to $2.25 on Tuesday, breaking below a multi-month ascending trendline, a move exacerbated by whale wallets offloading approximately 900,000 XRP over five days. This selloff, coupled with a 15% drop in open interest as leveraged long positions unwound, puts significant pressure on bulls ahead of a potential death-cross setup, where the 50-day moving average is curling toward the 200-day MA. Technical analysis shows a breakdown from the rising structure, with the immediate support test expected at the $2.20 psychological level, while resistance remains firmly at the $2.37–$2.39 zone.
(Source：CoinDesk)