XRP is hovering near $1.34 on the daily chart as a potential death cross approaches, but the bearish signal has not yet been confirmed. The 50-day exponential moving average (EMA) is sliding toward the 200-day EMA, with both indicators positioned around $1.37 to $1.38. Price is currently sitting directly on top of these levels, making this the key zone to watch.
A death cross occurs when a short-term moving average crosses below a long-term moving average. Although many traders interpret it as a sign of further downside, it is a lagging indicator that reflects past price action rather than predicting future moves. This is why the cross is not final yet.
Looking at the broader chart, XRP rallied from roughly $1.00 in August to a high near $1.70. It then consolidated for weeks before losing momentum in early October, dropping from the $1.50 area to a low near $1.26. This pullback dragged the 50 EMA lower and brought it close to the 200 EMA.
There are early signs of stabilization. The latest daily candle closed green near $1.34, well above the recent low. Volume during the decline has been subdued, suggesting sellers are not aggressively pushing prices lower. The RSI is near 40 and beginning to turn upward, indicating that selling pressure may be easing.
For bulls, the plan is straightforward: XRP must move above both the 50 EMA and 200 EMA and hold there. A daily close above $1.38 would cause the averages to flatten and could prevent the death cross from completing. A stronger close above $1.40 would reinforce the bullish case and open a path back toward $1.50.
The risk remains real, however. If XRP gets rejected at the EMAs and falls below $1.30, the death cross is likely to be confirmed. The next support sits at the recent low near $1.26, and a break below that level could point toward $1.20 and lower.
Overall, the picture is balanced. The death cross is close but not finalized, and price is testing the exact area that will determine the outcome. A bounce and a clean move above the 50 and 200 EMAs could stop the bearish pattern from forming, while failure would give bears control. Traders should watch the daily close around $1.38 for the answer.
