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breaking news: XRP on the verge of a “death cross” 😱 will bulls save the day at $2 or are we diving deeper into
xrp death cross looming: bears eyeing $2 support: whales dump 900k xrp intensifying selling pressure: technicals predict potential drop
**Key takeaways** 📉
The XRP “death cross” signals a bearish trend with popular moving averages about to intersect. Technical indicators show bearish strength, predicting a potential drop to $2 or even $1.61.
**Ripple (XRP) update** 🔄
Whales offloaded 900,000 XRP in 5 days, intensifying bearish pressure. Falling reserves and outflows failed to counter the selling frenzy, with $2.7 resistance solidifying a bearish scenario.
**Importance of the XRP “death cross”** 📊
The 50-day MA nearing a decline below the 200-day MA signifies bearish momentum. Indicators like CMF, Awesome Oscillator, and A/D show strong selling pressure, hinting at a potential drop to $2 or lower.
XRP’s “Death Cross” Looms – Can Bulls Defend $2 Before a Deeper Fall?
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