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XRP price has surged sharply in recent sessions, tracking the broader crypto market’s bullish momentum. The altcoin reclaimed key levels after weeks of consolidation, signaling renewed interest from investors.
Despite this recovery, XRP faces the risk of a technical Death Cross, making holder behavior critical in determining near-term direction.
XRP is currently approaching a Death Cross on its daily chart. The 50-day exponential moving average is converging with the 200-day EMA, with the latter threatening to cross above the former. Such a crossover typically signals bearish momentum and trend weakness.
However, the context is notable. XRP has maintained a Golden Cross since November 2024, marking a 14-month bullish structure. While the EMAs are narrowing, momentum from the recent rally reduces the likelihood of an imminent Death Cross.
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XRP Death Cross. Source: TradingView
On-chain data suggests investors remain resilient despite rising prices. Exchange balance metrics show limited selling over the past six days, coinciding with XRP’s price recovery. During this period, only about 24 million XRP, valued at $51 million, moved to exchanges.
This selling remains modest given the 16% price increase over the same timeframe. The data indicates holders are choosing not to distribute aggressively. Reduced exchange inflows often support price stability, as fewer tokens are readily available for liquidation.
Such restraint reflects confidence among investors. When selling remains muted during rallies, price advances are more likely to sustain. This behavior strengthens the case for XRP maintaining its upward trajectory and avoiding a bearish crossover.
XRP Exchange Balance. Source: Glassnode
XRP trades near $2.14 at the time of writing, posting a 16.5% gain in the last 24 hours after decisively crossing the $2.00 mark. Current conditions favor bulls, supported by improving sentiment and restrained selling pressure across spot markets.
XRP Price Analysis. Source: TradingView
Momentum indicators reinforce this outlook. The Money Flow Index has climbed to a three-and-a-half-month high, remaining well above the zero line. MFI evaluates buying and selling pressure using price and volume. Its rise alongside price confirms demand-driven strength rather than speculative spikes.
XRP MFI. Source: TradingView
If this momentum holds, XRP could extend gains toward $2.20, with $2.31 emerging as the next resistance. However, the bullish thesis depends on continued investor conviction. A shift toward selling could pull XRP back to $2.03 or below $2.00, reviving Death Cross risks.
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