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XRP Signals Deepening Bear Trends with Death Cross on Multi-Hour Charts
XRP exhibits death cross patterns across 2h, 3h, and 4h charts, reinforcing weakening short-term momentum.
The multi-timeframe death crosses emerge amid record retail FUD, signaling strong bearish sentiment.
XRP’s tumble from $3.10 to ~$2.83 reflects pressure from profit-taking and weakening technicals.
XRP’s short-term outlook turned more negative after death cross signals appeared on its 2-hour, 3-hour, and 4-hour charts. In each chart, the shorter 50-period moving average fell below the longer 200-period line. These patterns confirm falling momentum, and they follow an earlier hourly death cross.
XRP peaked near $3.10 on October 2, but the token slid steadily through this week. After sharp whiplash late Tuesday, it dipped to about $2.773 before showing only a modest rebound. At press time, XRP traded near $2.83, down nearly 6.85 percent over seven days. The multiple death cross signals mirror this downward trend.
Retail FUD Reaches Six-Month High
On–chain analytics provider Santiment noted that XRP is now attracting the highest level of retail fear, uncertainty, and doubt in six months. Negative sentiment outpaces bullish commentary. Interestingly, retail pessimism can sometimes run counter to market moves, possibly hinting at a contrarian entry point.
Source: TradingView
XRP’s decline comes amid broader crypto weakness and profit-taking. The lingering U.S. government shutdown unsettled markets, adding to risk in digital assets. Consequently, sentiment across the board turned cautious.
Death Crosses Could Signal Oversold Conditions
While death crosses often warn of more downside, their appearance across multiple short time frames may also reflect oversold technical conditions. If broader crypto shows signs of recovery, XRP could attract interest. If buyers step in, a rebound toward the $3 range may aim to retest resistance.
Traders now watch how XRP responds in the coming sessions. A break above the 50-200 bands or renewed volume support could shift bias. Meanwhile, the confluence of technical stress and negative sentiment frames a challenging landscape.
The post XRP Signals Deepening Bear Trends with Death Cross on Multi-Hour Charts appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.