XRP death cross not yet confirmed as price nears $1.38 EMA zone, U.Today says
In brief
- XRP traded near $1.34 as its 50- and 200-day EMAs converged around $1.37 to $1.38.
- Death cross is a lagging signal reflecting past price action, U.Today said.
- RSI near 40 and light pullback volume pointed to easing selling, per U.Today.
- Daily close around $1.38 is the level to watch, according to U.Today.
How XRP got here
XRP's run started from roughly $1.00 in August. According to U.Today's chart breakdown, the token climbed to a high near $1.70, traded sideways for weeks and then lost momentum at the start of October.
That's when the slide began.
Price fell from the $1.50 area to a low near $1.26, and the drop pulled the 50-day EMA down toward the 200-day line. U.Today noted that XRP's price was sitting right on top of both averages and called that the key area to watch. It also described the death cross as a lagging signal (it shows what price already did, not where it's headed next).
What the indicators show
The latest daily candle closed green near $1.34, above the recent low. Volume was small during the pullback, which U.Today read as sellers not pushing hard. The RSI sat near 40 and was starting to turn up from a low area.
"For now, the picture is balanced. The cross is close but not done."
The levels U.Today is watching
The analysis lays out two paths. In the first, U.Today wrote that a close above $1.38 that holds could flatten the averages and keep the cross from completing. It added that a strong close above $1.40 would open the way back toward $1.50.
In the second, a rejection at the EMAs followed by a fall under $1.30 would likely complete the death cross, per the same analysis. U.Today put the next support near $1.26 and said a break below that level points to $1.20 and lower.
These are U.Today's technical scenarios. They aren't a LeoDex News forecast, and the price figures reflect the chart when U.Today published its analysis, so they don't necessarily match where XRP trades now. The publication pointed to the daily close around $1.38 as the level to watch.
Frequently asked questions
What is a death cross on the XRP chart?
U.Today defines a death cross as a short-term average falling below a long-term one. For XRP, that means the 50-day EMA moving below the 200-day EMA, with both sitting around $1.37 to $1.38 in its analysis. U.Today called it a lagging signal that shows past price action, not future direction.
What XRP price levels does U.Today's analysis highlight?
U.Today wrote that a close above $1.38 that holds could keep the cross from completing, and that a strong close above $1.40 would open the way toward $1.50. A rejection and a fall under $1.30 would likely complete the cross. It put support near $1.26, with a break below pointing to $1.20 and lower.
