😱Breaking News! The XRP death cross is approaching, will it plunge or rebound?🚨

XRP traders hold their breath! Technical charts show that the 50-day SMA is nearing the 200-day SMA, and once it breaks below, a 'death cross' will form, signaling bearish momentum! The current price is $2.14, up 2.64% in the last 24 hours, but down 4.23% for the week, with resistance at $2.172 (50-day SMA).

Key Updates:

Death Cross Threat: Historically, after the death cross in May 2024, XRP remained in a bear market until November.

Key Price Levels: Analyst Ali points out that $2 (support) and $2.26 (resistance) will determine the trend.

Recent Fluctuations: XRP reached a high of $2.36, then fell to $2.07 (200-day SMA), currently struggling below the 50-day SMA.

Will XRP sink into the abyss of a bear market, or will it break through $2.26 to spark a bull market? Come and see!