XRP has formed a death cross on its daily chart, with its 50-day moving average slipping below its 200-day moving average near $1.37, a sign of weak momentum. XRP trades at $1.30 and has fallen approximately 15% over 30 days, 29% since the start of the year and 48% over the last year. The first support is $1.25, while a daily close below it could open the way to $1.20, $1.15 and eventually $1.00. On the upside, XRP needs to reclaim $1.33 and close above the $1.37 to $1.40 zone to weaken the bearish signal and target $1.50, then $1.65.
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