The XRP price is showing early signs of a potential crash, with the Death Cross formation appearing on the daily chart on Thursday, November 27. Historically, this technical pattern, which involves the 50-day simple moving average ( SMA ) crossing below the 200-day one, has coincided with drops of up to 15% for XRP, suggesting a possible slide toward the $1.50 range, based on the current price of $2.17. In a recent post on X, market analyst Umair noted that the asset is consolidating between $1.90 and $2.08, calling the range “the entire decision maker.” Sustained trading at this level could allow for a month-long consolidation, while a failure to hold could trigger a sharp decline. XRP Death Cross. Source: TradingView The same pattern emerged earlier this month, on November 9, when XRP was trading at around $2.33, only to drop to $2.21 by November 17. Last month, on October 2, the omen coincided with a 10.6% pullback on the weekly chart. Is XRP struggling again? The broader cryptocurrency market is seeing notable gains today, with most major coins trading higher amid renewed investor optimism. Bitcoin ( BTC ), for instance, soared as its total capitalization went from $1.73 trillion to $1.83 trillion , while Ethereum ( ETH ) rose nearly 4% and remained above the $3,000 mark. Meanwhile, XRP continues to struggle, capped under resistance at $2.30. The Relative Strength Index ( RSI ) sits at 46, pointing to weakened momentum that could persist in the near term. Nonetheless, while XRP’s price has steadily fallen since early November, it can be noted that exchange-held reserves have followed suit, indicating a potential inverse relationship between liquidity and investor confidence. That is, declining exchange reserves are often viewed as a bullish long-term signal since reduced supply can limit sell-side pressure. XRP Ledger Exchange Reserve. Source: Finbold/CryptoQuant Still, near-term sentiment remains fragile, influenced by macroeconomic uncertainty such as the upcoming Federal Reserve meeting. To boot, the token is currently trading near its two-week moving average, reflecting sideways consolidation rather than a decisive trend reversal. Featured image via Shutterstock The post XRP price forms Death Cross, epic crash could follow appeared first on Finbold .
