Just now, I looked at the XRP chart and noticed an interesting technical signal: the 50-day moving average has fallen below the 200-day line. This is the death cross that traders always talk about, and it usually indicates further sell-offs. However, the situation has eased somewhat in the past few hours. XRP is currently trading at around $1.46 and is even up nearly 2 percent today. This is interesting because the market was previously under significant pressure, with over $515 million in liquidations in 24 hours. The entire crypto market had lost about $128 billion in market capitalization, triggered by higher producer prices. On the hourly chart, you can see that the RSI is heavily oversold, which typically signals a recovery rally. The key levels to watch are $1.11, $1.67, and $2.27. It could be an interesting week if the death cross here resolves itself.

XRP-1.8%
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