- XRP faces bearish cross risk with ETF movements stalling.
- XRP drops 5% as sell pressure increases.
- Market focus shifts to alternative cryptocurrencies.
XRP is experiencing heightened bearish risk due to an imminent “death cross,” causing the token to drop 5% as ETF flows fail to counteract sell pressure this week.
The potential “death cross” in XRP’s technical chart signals increased volatility, impacting market sentiment and highlighting shifts in liquidity toward major cryptocurrencies like ETH, SOL, and BTC.
XRP faces a significant challenge with a potential “death cross” indicating a bearish trend. The token has dropped about 5%, highlighting investor concerns despite ETF activity, which has not alleviated the market’s sell pressure. Ripple Labs, the organization behind XRP, has seen no recent commentary from key figures like Brad Garlinghouse and David Schwartz. Crypto analyst Ali suggests key support may hold during this pullback, offering some investor confidence.
“$1.90–$2 looks like a magnet for XRP. This zone has repeatedly acted as support and could hold during the current pullback.” – Ali (@ali_charts, Crypto Analyst) source
In the immediate term, XRP’s sell-off has affected its pricing between $2.26 and $2.45. This reflects a broader shift in market sentiment with investors turning towards other assets like Solana and Ethereum. The financial implications are evident, with liquidity rotating away from XRP. Institutional inflows, despite arriving via ETF products like the Canary XRP ETF, remain insufficient against mounting sell-side pressure.
Historical precedents show that past “death crosses” have typically led to sustained corrections and volatility across the crypto sector. XRP’s current technical outlook remains at risk, indicating caution for traders. Potential outcomes may include further financial instability and technological adaptations. Data suggests increasing wallet creation during price fluctuations might signal investor accumulation despite elevated sell-offs.
