An death cross has appeared on XRP's hourly chart, with the 50-day moving average falling below the 200-day moving average, indicating that a downtrend momentum may emerge during the consolidation phase. Currently, XRP is trading at $1.34, with a daily increase of 0.78%. Since February, the price has been fluctuating between $1.11 and $1.67. If the closing price exceeds $1.67, it may attempt to rise to $1.70; conversely, if it falls below $1.11, the price could drop toward $1.00. Meanwhile, the overall weakness in altcoins continues, with CryptoQuant pointing out that due to insufficient market liquidity, 38% of altcoins are near their historical lows.
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An death cross has appeared on XRP's hourly chart, with the 50-day moving average falling below the 200-day moving average, indicating that a downtrend momentum may emerge during the consolidation phase. Currently, XRP is trading at $1.34, with a daily increase of 0.78%. Since February, the price has been fluctuating between $1.11 and $1.67. If the closing price exceeds $1.67, it may attempt to rise to $1.70; conversely, if it falls below $1.11, the price could drop toward $1.00. Meanwhile, the overall weakness in altcoins continues, with CryptoQuant pointing out that due to insufficient market liquidity, 38% of altcoins are near their historical lows.