XRP completed a bearish technical pattern on October 25 as its 50-day moving average dropped below its 200-day moving average, which sits near $1.37.
Price Drop and Volume Decline
XRP trades at $1.30, sitting well below both major moving averages as selling pressure mounts across exchanges. Trading volume has dropped sharply since a major market surge in August, showing limited interest from buyers at current levels. Recent bounce attempts stalled near the $1.40 resistance zone, causing the token to lose momentum and slide from the $1.50 range down to a low of $1.26. The cryptocurrency stands roughly 15 percent lower than a month ago, 29 percent lower than the start of the year, and 48 percent lower than its price one year ago.
Support Levels and Forced Liquidations
Initial support rests at $1.25, a recent low where buyers previously intervened on two separate occasions. A daily close beneath that floor opens the path toward $1.20 and subsequently $1.15. If selling accelerates further, the next major level is $1.00, the psychological round number that held the price steady back in August. Forced liquidations across derivatives markets totaled $7.25 million over a 24-hour window, with long positions accounting for the majority of the wiped-out trades.
Resistance Hurdles for a Rebound
A bullish reversal requires XRP to reclaim $1.33 before testing the $1.37 to $1.40 zone, where multiple moving averages currently converge. U.Today indicated that momentum remains skewed in favor of sellers, and buyers will not regain the initiative until the token achieves a strong daily close above $1.40. Reclaiming that threshold could clear a path toward $1.50 and potentially $1.65, which marked the highest level XRP reached in October.
Frequently Asked Questions
What caused the recent death cross for XRP?
The death cross occurred on October 25 when the 50-day moving average fell below the 200-day moving average near $1.37, reflecting fading short-term momentum relative to the long-term trend.
How much have derivatives traders lost in liquidations?
Forced liquidations reached a total of $7.25 million over a 24-hour period, with the vast majority coming from leveraged positions betting on a price increase.
Which price levels must XRP clear to reverse the bearish trend?
XRP must first retake $1.33 and then achieve a convincing daily close above the $1.37 to $1.40 resistance zone to weaken the death cross signal, according to market analysis.