XRP price has risen sharply in recent sessions, tracking bullish momentum in the broader cryptocurrency market. Altcoins have regained key levels after weeks of price volatility, showing renewed interest from investors.
Despite this recovery, XRP faces the risk of a technical death cross, and holder actions will be critical in determining its near-term direction.
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XRP faces crisis
XRP is currently nearing a death cross on the daily chart. The 50-day exponential moving average has converged with the 200-day EMA, and the latter is threatening to exceed the former. Such crossovers usually indicate bearish momentum and trend weakness.
However, the context is worth noting. XRP has held a golden cross since November 2024, indicating a 14-month bullish structure. While the EMA is contracting, recent upward momentum has reduced the likelihood of an imminent death cross.
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On-chain data suggests investors remain resilient despite the price rise. According to the exchange’s balance indicators, there has been limited selling over the past six days, which is consistent with XRP’s price recovery. Only approximately 24 million XRP worth $51 million moved onto exchanges during this period.
This selloff remains modest considering the price has increased 16% over the same period. The data shows that holders are actively choosing not to distribute. Reducing inflows to exchanges often promotes price stability, as fewer tokens are available for immediate liquidation.
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This restraint reflects investor confidence. If selling remains subdued during an uptrend, price increases are more likely to persist. This move strengthens the case for XRP to maintain its upward trajectory and avoid a bearish crossover.
XRP price rise is steady
XRP is trading around $2.14 at the time of writing, marking a 16.5% gain in the past 24 hours after decisively crossing the $2.00 mark. The current situation favors bulls, supported by improving sentiment and subdued selling pressure across spot markets.
Momentum indicators support this outlook. The money flow index rose to its highest level in three and a half months and remains well above the zero line. MFIs use price and volume to assess buying and selling pressure. Rising along with prices confirms demand-driven strength rather than a speculative surge.
If this momentum holds, XRP could extend its rally towards $2.20, with $2.31 potentially emerging as the next resistance level. But the bullish thesis hinges on investors’ continued belief. If there is a sell-off, XRP could return to $2.03 or below $2.00, and death cross risk could return.
