Franklin Templeton's XRP ETF (XRPZ)
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Analyst warns XRP is forming a death cross
Yahoo Finance· 2025-11-27 21:00
Core Insights - XRP is at a critical technical junction, with analysts warning that its tight consolidation range may soon break, potentially leading to a sharp downside move [1][2] - The current trading range for XRP is between $1.90 and $2.08, which is seen as a make-or-break area for the token [1][2] - A failure to maintain this range could expose XRP to a deeper correction, with a significant risk of a "death cross" forming on the daily chart [2][3] Technical Analysis - The last occurrence of a death cross setup for XRP resulted in a decline of approximately 15%, potentially bringing the price down to the $1.50s [3] - A death cross occurs when the 50-day moving average falls below the 200-day moving average, typically interpreted as a bearish signal [3] - The key level to watch is $1.82, which is described as a decisive threshold for XRP's price structure [4] Market Sentiment - If XRP briefly dips below $1.82 but recovers, it may indicate a bottom; however, a close below this level could lead to a significant price drop [5] - This potential "freefall" scenario aligns with a broader bearish sentiment observed across multiple altcoins, as Bitcoin and Ether show signs of cooling momentum [5] Recent Developments - XRP experienced a price increase of up to 5%, reaching $2.2551 on November 25, following the launch of two exchange-traded funds (ETFs) on NYSE Arca [6]