XRP Death Cross Is Not Final Yet: How Price Can Avoid It
Photo: U.Today
XRP is trading near $1.34 on the daily chart, and a death cross is close. The 50-day EMA is moving down toward the 200-day EMA, and both lines now sit around $1.37 to $1.38. Price is sitting right on top of them. This is the key area to watch. A death cross occurs when a short-term average falls below a long-term one . Many traders see it as a signal of more downside, but it is a lagging signal. It shows what price already did, not what it will do next. That is why the cross is not final yet.
Source: U.Today
