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XRP Forms Death Cross Amid Market Sell-off: Details
Ripple’s native cryptocurrency XRP has recently formed a death cross amid a market sell-off. According to recent analysis, the bears may have taken control of the short-term trend as the RSI is currently below its midway point.
A close examination of the price action suggests that XRP has failed to make new highs in the short term, while the bears have been driving prices downward. The triangle formation indicates that there could be a further decline if the current price level does not find sufficient support and resistance.
However, it is essential to note that all information presented here should be treated as non-investment advice, and individuals are encouraged to conduct their own research before making any investment decisions.
Source: u.today
