- The price will enter a new “death cross” in the next few days.
- XRP’s 50-day SMA would drop sharply below the 200-day SMA in the next few days.
- Analysts see the XRP death cross move as a bear market indicator.
Based on a closely watched XRP current price chart, XRP has been set to form a “death crossover” in five months. Looking at the behavior of the chart, crypto analysts have mentioned that the next “death cross” move of the XRP price could cause a bear market.
In particular, the 50-day simple moving average (SMA) pattern of XRP price is predicted to fall below its 200-day SMA. In fact, analysts expect this downward trend in the price of XRP to occur in the next few days.
On the other hand, the chart also suggests a deeper sell-off. In fact, the selloff indicates clearer confirmation of the next bearish death cross. Coming back to our minds, there have been several death crossing incidents over time.
Even the …
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