[ad_1]
© Reuters. XRP price signals will soon enter “Death Cross” mode
- the price will include a new “cross of death” in the coming days.
- The XRP’s 50-day SMA would drop significantly below the 200-day SMA in the coming days.
- Analysts see the XRP’s death cross movement as a bearish indicator of the market.
Based on the current price chart seen closely by XRP, XRP will complete the “death cross” in five months. Looking at the chart’s behavior, crypto analysts have mentioned that the next “death cross” move in the XRP price could lead to a bearish market.
In particular, the 50-day simple moving average (SMA) model of the XRP price is projected to fall below the 200-day SMA. In fact, analysts expect the downward trend in the XRP price to occur in the coming days.
On the other hand, the chart also suggests a deeper sale. In fact, sales represent a clearer confirmation of the coming death cross. Throwing our minds back, there have been a number of events that have crossed paths with death over time.
Even if …
Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage based on information including data, quotes, tables and buy / sell signals on this website. Please be aware that the risks and costs associated with trading on the financial markets are one of the most risky investments possible.
[ad_2]
Source link
