$XRP is hovering near $3.19, testing the patience of bulls as a death cross — where the 50-day moving average crosses below the 200-day moving average — signals a potential shift toward prolonged bearish momentum. This technical warning is compounded by whale activity, with large holders increasingly offloading XRP into the market, adding significant selling pressure.
Key resistance remains at $3.50–$3.66, while immediate support is pegged at $3.00. A failure to hold this zone could trigger a swift drop toward $2.80, with extended downside risk toward $2.48 if selling accelerates.
Market sentiment has weakened following Ripple’s latest 1 billion XRP escrow release, which fueled concerns about oversupply. Unless XRP can reclaim the $3.30–$3.50 range with strong buying volume, short-term outlooks favor a deeper correction.
Technical Snapshot:
Trend: Bearish bias intensifying
Resistance: $3.30 → $3.50 → $3.66
Support: $3.00 → $2.80 → $2.48
Risk Factor: Whale distribution + Death Cross = Higher probability of breakdown