Oh, XRP, you glorious chart-topping drama queen. Today’s episode: the infamous death cross is making headlines again. Imagine your favorite coin, once soaring near $3, now gracefully sliding under its 23-day moving average like it’s avoiding a gym session. That’s right, the 23-day just peeped below the 50-day. Fancy, no? 💅
As of Monday morning, XRP is chilling at around $2.24, down a modest 1.16%. Market vibes? Weak sauce, with bullish momentum waving goodbye like it’s got better things to do. Basically, everyone’s holding their breath — or their eyelids — waiting for the next big move.
The crossover on the daily chart screams “not looking good,” especially after peaking near $3 earlier this year. The 200-day moving average? Still pointing up — because it’s stubborn like that. But recent price action feels like traders are just twiddling their thumbs, waiting for the chaos or calm — who knows?
Momentum? Fading faster than your last diet attempt. And failing to reclaim the $2.35 mark only fuels the doom-and-gloom party. 🙃
Peek at the intraday scene, and you’ll see XRP sneaking down from around $2.27 to crawl near $2.22 before giving a tiny, almost sarcastic, bounce. Basically, it’s like watching a slow-mo crash — you want to look away but can’t stop. The buyers? Tired. The sellers? Just waiting for the perfect moment to swoop in and claim victory. Confident? Nah. It’s more like watching a cat walk on a tightrope—wobbly and unsure.
Death crosses don’t always spell Armageddon, but they do say, “Hey, maybe don’t buy puppies today.” They shift sentiments, from “Let’s hoard” to “Hmm, maybe chill a bit.” If XRP slips below $2.20-$2.18 support, we’re probably heading straight for $2 or even the high $1.90s — where old demand keeps whispering, “Come back, I miss you.”
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2025-06-09 13:48