XRP Nears a ‘Death Cross.’ If History Repeats, What Does This Mean for XRP’s Price?

XRP is on the verge of forming a “death cross,” a bearish signal that could point to more downside ahead as Bitcoin’s recent pullback weighs on the broader crypto market.

XRP (XRP-USD) fell more than 6% in the past 24 hours, slipping toward the bottom of its three-week range between $2.20 and $2.70. The decline comes as the token edges closer to forming a death cross, which is a bearish technical signal that could impact XRP’s price throughout the rest of November.

XRP Charts Show a Bearish Setup Developing

For the first time since May, XRP’s 50-day simple moving average (SMA) is about to cross below its 200-day SMA, which is a formation known as the death cross. Traders often interpret this pattern as a sign that short-term momentum has weakened compared to the long-term trend. Therefore, it is a potential warning of further downside.

The last time XRP produced this signal, it preceded several weeks of sideways and negative price action. Although not always accurate, the pattern tends to attract the attention of both technical and algorithmic traders, sometimes fueling additional volatility in the days that follow.

MACD Turns Negative as Market Sentiment Slips

Adding to the caution, XRP’s daily MACD histogram is showing signs of a bearish crossover, which is another indicator that momentum is turning lower. It’s part of a wider pullback in crypto, with Bitcoin falling from $105,000 and taking the rest of the market down with it.

Traders are now watching whether XRP can hold its $2.20 support level, which has repeatedly acted as a floor since mid-October. A decisive drop below that zone could open the door to steeper losses, while a rebound back toward $2.50 would suggest the market isn’t ready to give up on the token just yet.

At the time of writing, XRP was trading around $2.27.