XRP forms death cross as 50-day average slips below 200-day near $1.37
In brief
- XRP's 50-day moving average fell below its 200-day average near $1.37, U.Today reported.
- XRP traded at $1.30, down about 48% over the last year, per U.Today.
- U.Today named $1.25 as first support and $1.37 to $1.40 as the key zone above.
- Long positions made up most of $7.25 million in XRP liquidations over 24 hours, U.Today said.
Where XRP sits now
XRP is down roughly 15% over 30 days, 29% since the start of the year and 48% over the last year, according to U.Today. That's a steep slide.
The last bounce failed near $1.40 (where several moving averages now sit close together), and U.Today said the 100-day average near $1.33 has also turned into resistance. Trading activity has dropped sharply since a big volume spike in August. The RSI sits near 40, which the outlet described as weak but not yet oversold.
The levels U.Today is watching
U.Today named $1.25 as first support, the latest low where buyers stepped in twice. In its analysis, a daily close below that level would open the way to $1.20 and then $1.15. If selling gets heavier, the outlet pointed to $1.00 as the next big area (the round level that held the price in August).
On the upside, U.Today said XRP needs to reclaim $1.33 first. Above that, it sees $1.37 to $1.40 as the key zone, and a clean close above it would weaken the death cross signal and could send the price toward $1.50, then $1.65 (the October high), in the outlet's reading.
Crowded longs in a downtrend
So who's positioned for what?
Long-to-short ratios on Binance and OKX are above 3, per U.Today's read of exchange data, which means most accounts are betting on a rise. The outlet warned that's risky in a downtrend because crowded longs often get flushed out. Longs made up most of the $7.25 million in XRP liquidations over the prior 24 hours, and futures flows showed net outflows over the previous 4 to 8 hours, U.Today reported.
For now, the trend favors sellers. Bulls need a strong close above $1.40 to change that.
U.Today's whole setup comes back to one number: $1.40.
Frequently asked questions
What is the XRP death cross U.Today reported?
According to U.Today, XRP's 50-day moving average fell below its 200-day moving average near $1.37 on the daily chart. The outlet said investors often read this pattern as a sign of weak momentum. XRP traded at $1.30, below both averages.
Which XRP price levels is U.Today watching after the death cross?
U.Today named $1.25 as first support and said a daily close below it could open the way to $1.20 and then $1.15, with $1.00 as the next major area. On the upside, it said XRP needs to reclaim $1.33, with $1.37 to $1.40 as the key zone, and a clean close above that could send it toward $1.50, then $1.65.
