XRP faces imminent death cross as price tests key $1.38 level

XRP is moving toward a critical technical juncture as it trades close to $1.34 on the daily chart, with a death cross on the horizon. Technical analysts have focused attention on the 50-day exponential moving average (EMA) approaching the 200-day EMA, both of which sit around $1.37 to $1.38. The current price is positioned directly above these major moving averages, making this range a pivotal area for the coin’s next move. A death cross typically occurs when a shorter-term average, such as the 50-day EMA, crosses below a longer-term average like the 200-day EMA. Many traders interpret this technical pattern as a signal for further declines, although it is widely recognized as a lagging indicator that reflects historical price weakness rather than predicting the future direction.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.