XRP Death Cross Signals Trouble Below $2.20

XRP has recently triggered a significant technical indicator on its daily chart that may suggest further downside ahead. Known as the death cross, this pattern appears when the 50-day moving average drops beneath the 200-day moving average — usually interpreted as a bearish sign and a potential shift from bullish to bearish sentiment.

After experiencing a more than 4% decline in a single day and falling to around $2.32, XRP now finds itself under pressure. The confirmation of the death cross is more than just a temporary dip; it signals that XRP’s recent bullish energy is waning. Despite earlier gains that took the token above $2.50, sustained selling pressure has brought downside momentum back into focus.

The digital asset is currently hovering just above a critical margin near $2.20. This zone has begun acting as a fragile support level. Historically, this area has proven to be an important battleground for buyers and sellers, making it a crucial point to monitor in the immediate future.

Several indicators now align to test XRP’s resilience. A rising trendline that has held firm since early April intersects with a former consolidation support zone. These converging technical levels are forming a pressure point where any failure to hold could lead to an accelerated decline. Traders and investors should be aware that even though no definitive drop has occurred below this structure, bears are steadily tightening their grip.

Adding to the bearish narrative, both the 50-day and 200-day moving averages currently sit just above the coin’s price, increasing overhead resistance. This scenario means that even modest upward movements could face immediate opposition. With this configuration, the next few trading sessions are crucial to determine whether bullish traders step in to regain control or retreat under mounting pessimism.

If XRP fails to maintain the $2.20 shelf, further retracement becomes likely. The next key support zones lie between $2 and $1.85 — levels that previously drew interest from long-term buyers. Should the coin slide to those points again, it could open the door for opportunistic entries, although those would come at the cost of short-term weakness.

Despite the grim technical signal, there remains a sliver of positive sentiment among investors. While the death cross has materialized, the market isn’t entirely devoid of hope. Bulls may attempt a recovery if XRP can reestablish itself in the $2.40 to $2.50 price range, which would not only negate the recent weakness but could also serve as a catalyst for renewed upward momentum.

Until such a reversal is evident, however, the short-term bias leans negatively. Volatility could persist, and traders may want to proceed with caution. The coming sessions will likely determine if XRP has the strength to bounce back or if it’s setting up for deeper corrections ahead.

In this climate, technical analysis becomes a vital tool for navigating XRP’s path. Whether the $2.20 mark holds or crumbles under pressure could shape the narrative for XRP’s short-term direction, providing clues on where the crypto may head next.

Related: Expert Advice: Sell XRP If You’re Confused

For now, all eyes remain fixed on XRP’s behavior around this pivotal support level.