While death cross is bearish indicator, it does not guarantee further declines
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
XRP Golden Cross Secured? Hidden Shiba Inu Signal, Bitcoin Crucial $60,000 Resistance ReachedHowever, it is important to note that while the death cross is a bearish indicator, it does not guarantee further declines. Market conditions, investor sentiment and external factors can all influence the price action, potentially counteracting the death cross signal.At the time of writing, XRP was down 0.23% in the last 24 hours to $0.576 and up 30% weekly.
The immediate support levels to watch are the daily moving average 200 at $0.544 and the daily SMA 50 at $0.533. If the XRP price falls below this level, it could trigger further selling pressure, potentially pushing XRP down to $0.432.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
XRP Price: Hourly Death Cross Emerges as XRP Sells OffEyes on XRP's price action for potential reversal amid bearish chart indication
Les mer »
XRP Whales Return With 26 Million XRP in 24 HoursXRP witnessing intense trading activity as whales go bullish
Les mer »
Massive 500 Million XRP Unlocked by Ripple as XRP Gains 5.56%Ripple giant has unloaded half billion XRP as price attempts to break out
Les mer »
'All X Accounts with XRP Initials Will Disappear': Peter Brandt Issues XRP-to-Bitcoin WarningXRP investors brace for worst as Peter Brandt predicts extra grim future for popular cryptocurrency
Les mer »
XRP: Six-Year Triangle Breakout Signals Massive Upside for XRPXRP has been on rise since July 29
Les mer »
XRP Rival Stellar (XLM) Skyrockets 140% in Volume Amid XRP ManiaXRP price's recent explosion has sent its top rival, XLM, pumping with staggering 140% increase in trading volume
Les mer »