XRP faces a potentially severe bearish signal as it nears a “death cross,” where short-term Exponential Moving Averages (EMAs) slip below long-term EMAs. This technical pattern often indicates waning momentum and heightens the risk of further declines. XRP’s chart shows EMAs converging toward a death cross, raising concerns about a bearish market shift.

Limited Support from Upward Trendline

A slight upward trendline around $0.50 provides temporary support, but XRP shows limited signs of sustaining a solid bullish push, making its current price action look shaky. The $0.50 level has served as support in recent sessions, but this trendline does not appear strong enough to fully resist the current downward momentum. 

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Analysts suggest the level may struggle to prevent a bearish breakout if the death cross forms. The $0.49 mark remains an essential level in XRP’s technical landscape. 

_{Source: CoinMarketCap}

However, XRP’s multiple tests at this support level show a pattern of weakening, hinting that this level might not withstand additional pressure. If the downward trend persists, stronger support might emerge around $0.45. Should bearish forces intensify, the next crucial support sits around $0.42.

Possible Risks of Greater Price Declines

A drop below the $0.42 level would put XRP in a more vulnerable position, increasing its risk of further retracement. Low trading volume and decreased buying interest, evidenced by the absence of substantial price gains, contribute to this outlook. If the death cross appears, increased selling pressure could push the asset downward even faster. 

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The technical indicators around XRP point primarily toward a bearish trend, signaling that investors should monitor these key support levels. If XRP maintains its ground near these levels, it could prompt renewed buyer interest. 

However, any failure to hold could signal an extended bearish phase, making the death cross a critical factor in XRP’s near-term market outlook.