XRP Death Cross fully confirmed
XRP Death Cross fully confirmed, Dogecoin (DOGE), Bitcoin (BTC) now aims at $50,000
The asset has confirmed a "Death Cross," a technical chart pattern (https://u.today/dangerous-ethereum-eth-pattern-appears) that may spell trouble for its immediate future. This bearish signal occurs when the 50-day moving average crosses below the 200-day moving average, often interpreted as a sign that current short-term momentum is falling well below long-term price trends, suggesting a potential sell-off ahead.
XRP's inability to maintain a position above the 26-day Exponential Moving Average (EMA) has exposed its vulnerability. This level often acts as a dynamic line of support in a bull market; however, XRP's recent reversal from this point highlights a lack of buying pressure. Typically, a failure to break above the 26 EMA is not taken lightly by traders, as it signals that the asset does not have enough bullish strength for an upward breakout.
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If you were counting on XRP to be your retirement, now is the time for a new plan. Convert your XRP to XLM or whatever you like. Things have changed over the last 2-3 years.