The merchants keep an attentive eye on the XRP graphics because the technical indicators indicate a potential change in the momentum for the XRP price.
The simple daily mobile average (SMA) 50 for XRP began to turn down, with the gap between it and the daily SMA 200 narrowing. If this short-term mobile average crosses SMA 200 in the longer term in the coming days, it would form what merchants call a “cross of death”, a model that signals a potential bleak momentum.
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A “cross of death” does not guarantee a price collapse, but it indicates a regular loss of the momentum. XRP had trouble finding a recently bullish momentum, blocking near the daily SMA 50 in the middle of the broader uncertainty of the market.
In the past, the death formations of death for XRP have led to long periods of consolidation, or to a boss, for the XRP price. The last time that XRP had a death cross was in May 2024, which preceded a long consolidation which lasted several months before the start of a bull in November of the same year.
Key levels to monitor
The XRP price has largely stalled near Daily SMA 50 to $ 2,172 since the end of April. Bulls' attempts to decisively rape this key level culminated with summits of $ 2.36 on April 28 before XRP starts to decline.
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After the days of decrease, XRP plunged under the daily SMA 50 to strike stockings of $ 2.07, which coincides with the Daily SMA 200 before bouncing but remains below the daily SMA 50.
At the time of the press, XRP increased by 2.64% in the last 24 hours to $ 2.14, but down 4.23% per week.
According to the Crypto analyst AliThe key levels to watch for XRP are $ 2 and $ 2.26. A decisive closure outside this range could set the tone for the next major trend.
