Death crosses appearing in the chart of any digital asset can be bad and the XRP price is no different in this regard. The token presently looks to be heading toward another notable drop in price as an analyst points out a looming death cross.
XRP Death Cross Could See Price Fall
According to a crypto analyst who goes by Cheeky Crypto on social media platforms, the XRP price could see a price dip soon as a death cross forms on its chart. The analyst pointed out this formation to his over 152,000 subscribers on YouTube, explaining what this might mean for the digital asset.
The XRP price is currently finding support at the 200-day EMA, although with resistance at the 50 EMA, presenting a close tie between the two for dominance. He also points out a three-way pattern in the chart that could see the digital asset’s price bounce as high as $0.51 before eventually spiraling back downward toward the $0.48 support once more.
Three-way...
