Analyzing XRP's Shifting Technical Landscape: From Mini-Golden Cross to Potential Death Cross

Crypto Investors Brace for Potential XRP Downturn as Bullish Momentum Fades

Bearish Signals Emerge as XRP Struggles to Maintain Key Technical Levels

XRP investors face growing concerns as the cryptocurrency shows signs of a potential trend reversal. Currently trading at $2.24—down more than 1% from the previous session—XRP's weakening momentum casts doubt on the sustainability of its recent gains.

Failure to Confirm Golden Cross Signals Potential Trouble Ahead

XRP briefly formed what appeared to be the beginning of a mini-golden cross, with the 50-day EMA crossing above the 100-day EMA—typically a bullish indicator. However, this crossover failed to hold, suggesting the bullish signal may not fully develop. Without strong buying volume to sustain the rally, XRP could continue fluctuating between the 50 and 100 EMAs, potentially leading to a deeper correction.

Key Technical Levels to Watch for XRP Investors

Analysts are focusing on three crucial levels:

• The convergence point of the 100 and 50 EMAs—a daily close below this level would weaken bullish momentum
• The 200 EMA, which provides structural support—a break below this could trigger significant selling pressure
• The psychological $2 support level—a drop below this threshold could confirm the bulls have lost control

Declining Network Activity Adds to Bearish Sentiment

On-chain data reveals a concerning drop in XRP's network activity, particularly in payment transactions. After peaking at over one million transactions, the count plummeted to 332,639 on June 12, further fueling bearish sentiment.

As market uncertainty persists, XRP investors should remain vigilant, preparing for the possibility of a broader correction if these bearish signals continue to develop.