XRP Price Prediction: Faces Bearish Cross Risk, Sinks 5%
XRP fell 5.1% to $2.41 amid technical selloffs and whale transfers, facing a potential Death Cross risk.Summary
XRP plunged 5.1% to $2.41, breaking key support levels due to technical selling pressure amplified by significant whale transfers exceeding $1 billion between Ripple-linked addresses. This occurred despite news of a Canary XRP ETF filing. The token stabilized briefly near the $2.39–$2.41 range, showing minor buying interest, but remains technically constrained by persistent distribution patterns.
The broader technical outlook is bearish, highlighted by the developing Death Cross pattern (50-day MA below the 200-day MA). Immediate resistance is set at the 38.2% Fibonacci retracement near $2.42, and reclaiming $2.47 is crucial to re-establish short-term balance. Failure to hold the $2.39–$2.41 band could lead to an extended decline toward the $2.20–$2.25 zone, making this range the critical determinant for XRP's immediate trajectory.
(Source：CoinDesk)