XRP is trading at $2.99, down 17% from its July peak of $3.65 as MVRV death cross signals possible further price retracement amid falling volume and cautious technical indicators.
XRP prices have cooled off considerably after the July rally, showing signs of short-term weakness.
MVRV ratio death cross suggests holders may face losses, increasing selling pressure.
Technical indicators and volume trends suggest that XRP may soon consolidate or test lower support levels.
XRP prices have declined 17% from July highs due to bearish MVRV death cross and slowing trading volumes. Stay tuned to COINOTAG for crypto expert insights.
😬📉 XRP appears 'MVRV death cross'? What does this mean for investors?
Recently, XRP's technical aspects have shown a not-so-good signal - the MVRV ratio death cross, which sounds a bit scary, but it is indeed worthy of investors' vigilance. 🚨
In simple terms, **MVRV (Market Value to Realized Value Ratio)** is an indicator used to measure the relationship between market price and the average cost of investors. If the short-term MVRV falls below the long-term MVRV, it forms the so-called 'death cross' ⚠️
What does this mean? 📉
👉 Many short-term currency holders have already entered a loss-making state, that is, the currency in everyone's hands is cheaper than the cost price... This is not a good signal, because once the panic is amplified, it may trigger a sell-off, which will bring about a deeper price correction. 💸
📊 For investors who follow XRP, this indicator is like a weather warning signal: it doesn't mean that there will be a storm soon ⚡️, but it is indeed worth preparing an umbrella!
🧠 Strategy suggestion: Stay rational and wait patiently. Pay attention to whether there are signals such as support level stabilization and volume rebound before considering entering the market!
📉💤 XRP trading volume drops sharply, is market sentiment a bit 'cold'?
Recently, XRP's market activity has been a bit 'quiet' - spot trading volume has plummeted by more than 23%, and is currently only $4.83 billion. This shows that everyone's activity in the spot market has obviously decreased, and both buying and selling have begun to hesitate. 🤔
On the other hand, open interest in the derivatives market has risen slightly by 2%, but overall trading volume has fallen by 34%! This means: everyone is not more active, but more cautious, holding the positions they should, but not wanting to move much. 📉➡️📊
Overall, this state of 'declining trading volume + holding and watching' reflects that the market is entering an uncertain atmosphere. Investors may be waiting for a direction, a piece of news, or a big positive line to ignite emotions. 📍🔥
📊🔍 How do technical indicators look at XRP's next step? There may be a rebound opportunity in the short term!
Currently, the price of XRP is slightly below the key short-term moving averages—
📉 The 10-day EMA is at $3.02,
📉 The 20-day EMA is at $3.01,
Both are issuing 'sell' signals, indicating a weak short-term trend. 😟
But don't be too pessimistic, 📌 the RSI indicator is currently at 51.29, in the neutral range, indicating that the market is still hesitating and there is no clear direction. And more importantly, the stochastic RSI is close to 14, which is about to be 'oversold', which usually means 📈 a rebound opportunity may come in the short term!
What's more reassuring is -
📈 50-day EMA is at $2.79,
📈 200-day EMA is at $2.34,
The long-term trend is still steadily upward, and the support is still solid! 🛡️
Indicator Current Value Meaning MVRV Ratio Death cross formation Bearish signal of deep retracement Trading volume $4.83 billion (down 23%) Declining spot interest Relative Strength Index 51.29 (Neutral) No clear directionality
📌 Summarize in one sentence: there may still be small-scale disturbances in the short term, but the medium and long-term structure has not been broken, so be patient and wait for a rebound signal ~ 😉
🔍📉 XRP to change direction? Experts say so!
The recent MVRV death cross is no small matter, many crypto analysts are ringing alarm bells 📣, reminding investors to be more cautious and less impulsive. This indicator usually means that market sentiment is turning cold and prices may face a correction.
At the same time, on-chain data and changes in trading volume are also quietly speaking 📊 - the current XRP is obviously in a sideways consolidation period, the market fluctuates little, but it also buries the foreshadowing that may rise and fall at any time. ⚖️
COINOTAG's experts specifically pointed out: 👀 'Support levels are the key!' Once the key support cannot be held, further probing may be welcomed; otherwise, if it can be stabilized, it may be the starting point for a rebound.
📌 Summary: XRP is now like a spring ready to go, the direction is not yet determined, the key depends on whether the support line can hold!
📈🔍 XRP long-short tug-of-war, key levels are coming!
The recent trend of XRP is a bit tense, 📉 and it is currently facing a not small resistance: $3.20. If you want to restart the upward mode, this position must be taken! 💥
The support level below is between $2.95 and $2.75, and this 'safety cushion' is critical for the current market 🛡️. Once it accidentally breaks below $2.75, the next support may depend on the $2.50 area. 😰
The overall trend is currently bearish, and there are some bearish signals on the technical side, 🧠 so many traders are closely watching these levels - holding the support has the hope of a rebound, and breaking through the resistance may regain bullish confidence! 📊
Frequently Asked Questions
📉🤔 What exactly is MVRV 'death cross'? Can XRP still hold on?
Recently, many friends who follow XRP are asking: 'I heard that there is a technical signal called MVRV death cross, is this the end?' Don't panic, let's sort it out together ~ 🧠
First, let's popularize science 👇
MVRV (Market Value to Realized Value), simply put, is an indicator used to measure whether the price of a coin is higher or lower than the purchase cost of most people.
📉 When the short-term MVRV falls below the long-term MVRV, we say that a 'death cross' ⚠️ appears. This means that most short-term investors are at a loss, and market sentiment may also turn pessimistic, which usually triggers more people to 'cut meat' and leave the market, thereby increasing the downward pressure on prices.
For XRP, this death cross is indeed a signal worthy of vigilance. But does it equal 'the end of the world'? Not really. 😌
🔄 The possibility of a short-term rebound still exists!
Currently, technical indicators such as RSI and stochastic RSI all show that XRP is in an 'oversold' state, which means that the market may have been 'oversold' and there is a chance for a short-term rebound 📈.
However, to truly emerge from the trough, two key conditions are needed:
✅ Reclaim the $3.20 resistance level to restore the upward structure;
✅ Market sentiment stabilizes, investor confidence returns, and buying will follow!
📌 In summary:
The MVRV death cross is indeed a signal worthy of attention, but it tells us more to 'don't be impulsive' rather than 'run away quickly'. The key is to observe whether XRP can hold the key support and rebound with the help of technical oversold opportunities ~ 🎯
Key points
XRP price is down 17% from July high, signaling cooling momentum.
MVRV death cross indicates potential for deeper correction.
Technical and volume indicators suggest cautious trading and potential consolidation.
📉📊 Conclusion: Where will XRP go next? The key is still support and resistance!
XRP's recent decline, coupled with the worrying MVRV death cross ⚠️, has indeed made market sentiment more conservative.
But don't be too discouraged ~ From a technical perspective, there are still rebound opportunities in the short term 📈, especially when indicators such as the RSI enter the oversold zone, a technical rebound may occur!
But the point is: if you want to truly stabilize, you have to see if you can hold the support below 🛡️ and break through the resistance above 🚀. These two positions determine whether XRP will continue to adjust or prepare for a counterattack!
📌 Suggestion: Pay close attention to key levels, stay calm, and don't get caught up in short-term fluctuations!
XRP is showing signs of cooling down after its July surge, trading at $2.99 as of press time, down nearly 17% from its July 18 high of $3.65.
XRP has declined 17% from its July peak as market momentum cools.
MVRV death cross suggests a potential deeper correction.
Technical and volume indicators both point to short-term weakness.
Ripple (XRP) gained 6.2% from the previous day but is still down 7% this week, indicating short-term volatility. The pullback coincided with on-chain signals that could signal further downside.
📉💀 XRP appears MVRV 'death cross'? Be careful, this is not a good sign!
On August 4, well-known crypto analyst Ali Martinez posted on X that XRP's MVRV ratio has officially formed a 'death cross' ⚠️ - this is no joke, it often means that a potential larger correction is approaching! 😨
👉 Simple science popularization:
MVRV (Market Value to Realized Value) is an indicator used to measure the current price of a token relative to its historical cost.
✅ If the ratio is high, it means that many people are making money and may want to take profits;
❌ If the ratio is low, it means that most people are stuck, and the pressure to sell may begin to increase.
The so-called 'death cross' is when the short-term MVRV (the cost of holding coins for short-term investors) crosses below the long-term MVRV, indicating that most people bought it at a high price and are now losing money. Market sentiment is prone to turn bearish, and the momentum will gradually turn downward. 📉
🔍 Ali also attached a picture, which intuitively shows XRP's current downward trend, and the accompanying text is even more straightforward: 'This may be triggering a larger-scale adjustment!' 💬
📌 In summary:
Although it's not the 'end of the world', this death cross is indeed worthy of our vigilance. XRP's trend may be more volatile in the short term, and investors must remain rational in their operations, pay attention to key support levels, and don't be led astray by sudden fluctuations ~
📉📊 XRP trading volume plummeted, derivatives market half sunny and half rainy?
The recent XRP has been a bit 'quiet' 😶🌫️. Although the price is fluctuating up and down, the trading volume behind it has obviously slowed down, which makes many traders smell a trace of 'the calm before the market changes'.
👉 According to the latest data, the trading volume of the XRP spot market has fallen by more than 23% in the past 24 hours to $4.83 billion. This means: market enthusiasm has obviously cooled down, and there are fewer people who actively buy and sell in the short term ~ 🧊
However, the story isn't over yet. Looking at the derivatives market, things are not so simple 👇
📈 Open Interest, on the other hand, increased by 2% to $7.33 billion.
📉 But at the same time, derivatives trading volume plummeted by 34% to only $8.06 billion.
What signals does this set of data reveal? 🤔
In simple terms: most people are still 'holding and watching' and are not willing to frequently enter and exit. Everyone is not uninterested, but would rather hold chips and wait for the direction - just like getting a good hand in Texas Hold'em, but not rushing to show the bottom card. 🃏
🧠 This phenomenon usually means that market sentiment is becoming cautious.
There is neither extremely greedy FOMO, nor a panic selling crash. Is it hesitation? Is it accumulation? Or is it 'fake silence and a real big move'? At present, it is not very clear.
📌 To sum up:
The heat in XRP's spot market is cooling down, while the derivatives market is in 'wait-and-see mode'. For short-term traders, this pattern of low volatility but increased positions is often a signal before a market reversal 📉📈.
✅ Recommendation: Pay close attention to subsequent changes in trading volume and key support and resistance levels, and don't take it lightly before the market changes!
📉📈 XRP technical signal: be careful and proceed with caution!
Recently, XRP has been a bit 'drifting' ~ From a technical point of view, the short-term outlook is not very optimistic 🥴
🔍 The current price is slightly below two key short-term moving averages:
10-day EMA: $3.02
20-day EMA: $3.01
Both of these indicators are currently silently holding up the 'sell' 🚫 card, which is not friendly to short-term bulls.
📊 Looking at the RSI (Relative Strength Index) is currently at 51.29, in the 'entangled zone' that is neither up nor down, which is a typical state of 'the market has not figured out where to go' 🌀
But there is also a little hope! ✨
📉 Stochastic RSI is close to 14, approaching the oversold zone, which usually means - there is a chance for a small rebound in the short term 📈!
📌 In summary: XRP's current trend is weak, but there are already signs of 'overselling'. Short-term trading needs to be cautious, and those who want to bottom-fish can wait and see if it stabilizes with volume before acting ~
XRP daily chart. Source: crypto.news
📈🛡️ XRP's long-term support is solid, with key levels becoming the focus of the market!
Although XRP has seen some fluctuations recently, from a long-term technical perspective, there are still many 'market protectors' supporting it. Especially two important long-term moving averages -
🔹 50-day EMA is about $2.79
🔹 200-day EMA is about $2.34
These two lines are like a 'safety net', providing solid support for XRP's overall upward trend 💪. As long as XRP can hold these positions, the possibility of continuing to strengthen is still quite high.
However, there are still a few key price levels to watch out for:
➡️ If XRP can stay above $2.95, the market may enter a consolidation phase, and investors need to wait patiently for opportunities;
➡️ But if it breaks below $2.75, the risk will increase, and the next stop may be a lower support level - around $2.50.
Combined with the recently appeared MVRV death cross ⚠️, this undoubtedly increases the market's sense of tension. Investors and traders are closely watching: will buyers have enough power to hold the key support and avoid a larger decline?
💡 Tip: When the market is unclear, staying calm, setting reasonable stop losses, and paying attention to key support and resistance levels are good ways to protect your investment.
In short, XRP is currently at a critical crossroads, and the trend in the next few days is particularly important. Pay attention to technical signals and operate rationally to find opportunities in the volatility! 📊 #xrp